Management ChangeJun 16, 2026, 04:12 PM
Philip Morris CFO Massimo Andolina's Salary Set at $1.32M
AI Summary
Philip Morris International Inc. filed an amendment detailing the compensation arrangements for Massimo Andolina, who will assume the role of Group Chief Financial Officer on August 1, 2026. His annual base salary will be CHF 1,050,010, equivalent to $1,324,483. Mr. Andolina will also be eligible for an annual cash incentive compensation target of 125% of his base salary and a long-term equity award target of 275% of his base salary.
Key Highlights
- Massimo Andolina appointed Group Chief Financial Officer, effective August 1, 2026.
- Annual base salary set at CHF 1,050,010, equivalent to $1,324,483.
- Annual cash incentive compensation target will be 125% of base salary.
- Long-term equity award target will be 275% of base salary.
- Equity award will consist of 60% performance share units and 40% restricted share units.
Price Impact
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