Sitemap

André Calantzopoulos, New Chairman Of Philip Morris International Board

Philip Morris International’s current Chief Executive Officer André Calantzopoulos was appointed new Executive Chairman of the Board, after Louis Camilleri had retired for personal reasons. Lucio Noto will serve as interim Chairman until the succession of Calantzopoulos, whereas PMI’s current COO Jacek Olczak will succeed Calantzopoulos as Chief Executive Officer of the company. PMI announced that these changes will be effective as of May next year.

This planned succession promises a seamless transition and continuity of leadership, as Camilleri, Calantzopoulos and Olczak share the same vision and under their combined leadership, the company has marked significant achievements, including its overall business transformation and the leadership position in the smoke-free product category.

Louis Camilleri said: “I am delighted to hand over the Chairman of the Board role to André. I am equally delighted to see Jacek named to the helm of the company. Contemplating my 40-year PMI career, it has been an enormous privilege to serve this wonderful company, preside over its Board, cooperation with its employees and shareholders. I want to wholeheartedly thank you all for this amazing journey that has made our company the leading and most progressive tobacco giant in the world. I am stepping down with the firm belief that the company is in great hands to accomplish its smoke-free vision.”

“It is an honor to follow in the footsteps of our Chairman and former CEO, Louis Camilleri. On behalf of the company leadership, I would like to express our profound appreciation for his amazing contributions to the success of our company, for his devotion, and, above all, humanity. Beyond the unrivaled executive, we will all miss an outstanding person and a friend,“ said André Calantzopoulos.

“During my seven years as CEO, we have stepped in the future and offered better, science-based less harmful alternatives for those adults who would otherwise continue to smoke traditional cigarettes. I am very pleased to hand over the CEO responsibility to Jacek, with whom I have worked closely for decades. I know well that his passion for the company and our employees, drive for results, and deep knowledge of our products, systems, values, and investors make him the ideal leader to ensure the continued growth of our business and to deliver shareholder value, concluded Calantzopoulos.

Jacek Olzak
Jacek Olczak

Jacek Olczak commented: “I am humbled to have the opportunity to lead our company. Working alongside André on the business transformation, we have built the capabilities to continue delivering the shared vision. I am committed to continuing that cooperation and leveraging the enormous business opportunity of a smoke-free future, to the benefit of our consumers, shareholders, and society.”

Jacek Olczak has enjoyed a long career with Philip Morris. He previously worked in finance and general management positions across Europe, including as Managing Director of PMI’s markets in Poland and Germany and as President of the European Union Region before his appointment as CFO of PMI in 2012. He holds a master’s degree in economics from the University of Lodz, Poland.

More...

Froneri: 50 Million Euros Invested In Serbia Through An Ice-Cream Factory In Stara Pazova

Some of the famous ice-cream brands beloved by consumers in Serbia and abroad are produced in the modern Froneri Adriatic factory in Stara Pazova...

Mastercard Unveils New Carbon Calculator Tool For Banks

New research on sustainability, commissioned by Mastercard, reveals a marked increase in consumer passion for the environment as a result of COVID-19.  Over two fifths...

Microsoft Will Buy AI Firm Nuance For $19.7 Billion To Bolster Healthcare Tech

Microsoft has agreed to buy the AI and voice communications firm Nuance for $19.7 billion. The deal, expected to close at the end of the...

Modern International Payments For Businesses Of All Sizes

Payoneer, a global platform for payments and e-commerce supporting growth of millions of digital businesses worldwide, introduced Nikola Mehandžić, Business Development Director for Serbia,...

News

Committee On Constitutional Affairs Adopts Bill To Change Constitution

Prime Minister Ana Brnabic attended the 30th session of the Committee on Constitutional Affairs and Legislation of the Serbian parliament,...

Production Of Sputnik V Launched In Serbia

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) and Institute of Virology, Vaccines and Sera “Torlak” announce...

Start Of The New EU For Local Development Programme – EU PRO Plus

EU PRO Plus, a new European Union programme for local development, which aims to contribute to the overall social...

Kosovo: Expectations High Following Elections, UN Envoy Tells Security Council

Recent elections in Kosovo reflected a strong desire for change, the head of the UN mission there, UNMIK, said...

Distribution Of Laptops And Tablets, Bridging Digital Divide In Serbia For The Most Vulnerable Children Project

The Head of the European Union Delegation to Serbia, Ambassador Sem Fabrizi, UNICEF Representative in Serbia, Deyana Kostadinova, and...

Committee On Constitutional Affairs Adopts Bill To Change Constitution

Prime Minister Ana Brnabic attended the 30th session of the Committee on Constitutional Affairs and Legislation of the Serbian parliament,...

Production Of Sputnik V Launched In Serbia

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) and Institute of Virology, Vaccines and Sera “Torlak” announce...

Start Of The New EU For Local Development Programme – EU PRO Plus

EU PRO Plus, a new European Union programme for local development, which aims to contribute to the overall social...

Distribution Of Laptops And Tablets, Bridging Digital Divide In Serbia For The Most Vulnerable Children Project

The Head of the European Union Delegation to Serbia, Ambassador Sem Fabrizi, UNICEF Representative in Serbia, Deyana Kostadinova, and...

Meeting Of The Head Of EU Delegation And The President Of Serbia

President of the Republic of Serbia Aleksandar Vučić met today with the Head of the Delegation of the European...