Management ChangeMay 20, 2026, 07:07 AM
Philip Morris International Appoints Massimo Andolina as New CFO
AI Summary
Philip Morris International Inc. announced the appointment of Massimo Andolina as its new Group Chief Financial Officer, effective August 1, 2026. Mr. Andolina, currently President, Europe Region, will succeed Emmanuel Babeau, who will transition to a role as Strategic Advisor to the Group CEO until March 31, 2027, to assist with the transition. Mr. Andolina has a long tenure with the company, holding various senior operational and strategic roles since joining in 2008.
Key Highlights
- Massimo Andolina appointed Group Chief Financial Officer, effective August 1, 2026.
- Mr. Andolina replaces Emmanuel Babeau, who will remain as Strategic Advisor to the Group CEO until March 31, 2027.
- Mr. Andolina, 57, has been President, Europe Region since January 2023.
- He previously served as Senior Vice President, Operations from January 2018 and joined the company in 2008.
- Mr. Babeau was appointed Chief Financial Officer in May 2020.
- Mr. Babeau's separation is a unilateral termination, entitling him to post-employment payments and benefits.
Price Impact
More from PM
Quarterly Result1h ago
Philip Morris International Q3 Adjusted EPS Up 5.4% to $2.36; Raises FY26 Forecast
Quarterly ResultJul 24, 6:46 AM
Philip Morris Q2 Net Rev +10.4% to $11.19B; EPS $1.80, down 7.7%
Quarterly ResultJul 22, 7:06 AM
Philip Morris Q2 Adj. EPS $2.20, Net Revenue $11.2B; FY26 Outlook Upheld