Multinational Survey by Philip Morris International Demonstrates Need for Greater Collaboration to Advance Innovation
The challenges facing our world can overwhelm, but most people strongly believe in innovation’s potential to address the most critical issues in the next 10–20 years, according to the results of a new independent survey commissioned by Philip Morris International Inc. (
NYSEPM). Conducted by Povaddo in 10 countries in Africa, the Americas, Asia, and Europe, the survey and resultant white paper “Innovation Under Pressure: Navigating Complexity to Drive Change” explore the challenges innovation must overcome to drive societal change, including misinformation, outdated biases, and policymakers’ inability to keep up with rapid technological advances.
FDA Authorizes All ZYN Nicotine Pouch Products Currently Marketed by Swedish Match in the U.S.
The U.S. Food and Drug Administration (FDA) today authorized ZYN nicotine pouches making ZYN the first and only authorized nicotine pouch in the United States. The FDA’s authorization of all ZYN nicotine pouches currently marketed by Swedish Match in the U.S. is an important step to protect the public health by providing better alternatives to cigarettes and other traditional tobacco products for adults 21+.
New Megatrends author Marian Salzman predicts 2025 will see us burrowing in, curbing tech, and pursuing delight
Creator of the world’s first online focus groups (via AOL dial-up modems in the 1990s), bestselling author Marian Salzman has been #trending for 30 years with predictions encompassing everything from sleep as the new sex to metrosexuality, “brand me,” and the rise of singletons.
Philip Morris International Marks a Decade of IQOS—a Milestone in the Journey to a Smoke-Free Future
Philip Morris International Inc. (PMI) (
NYSEPM) marks the 10th anniversary of the introduction of its leading smoke-free product, IQOS. The launch of this smoke-free innovation was a breakthrough moment toward achieving the company’s commitment to a future without cigarettes.
Vectura Fertin Pharma, Inc., a Subsidiary of Philip Morris International, Announces Agreement for Sale of Vectura Group to Molex
Vectura Fertin Pharma, Inc., an affiliate of Philip Morris International Inc. (PMI) (
NYSEPM), today announces the sale of its subsidiary Vectura Group Ltd. (Vectura) to Molex Asia Holdings Ltd., and the establishment of master service agreements to develop Vectura Fertin Pharma’s inhaled therapeutics proprietary pipeline. Vectura will be operated by Phillips Medisize, a Molex company. The sale includes upfront cash consideration of GBP 150 million, subject to customary purchase price adjustments, and potential deferred payments of up to GBP 148 million. The transaction is subject to customary closing conditions, including regulatory approval.
New KPMG Report Shows Illicit Cigarette Consumption Still at Worrying Levels in the European Union, With Organized Crime Moving Operations Closer to Western Countries
Philip Morris International Inc. (PMI) (
NYSEPM) today warns about the high levels of contraband and counterfeit cigarettes in the European Union (EU) year over year, with 35.2 billion illicit cigarettes consumed in the region in 2023, accounting for 8.3% of total consumption in the EU, an increase of 0.1 percentage point compared to 2022.
Philip Morris International’s Swedish Match Affiliate Adding 450 Jobs with $232 Million Investment in Kentucky
Philip Morris International Inc. (PMI) (
NYSEPM) is announcing an investment of $232 million through one of its Swedish Match affiliates to expand production capacity of its manufacturing facility in Owensboro, Ky. The expansion is expected to create an additional 450 direct jobs with an ongoing annual economic impact of $277 million and an additional 410 indirect jobs* for the commonwealth of Kentucky. The facility produces ZYN nicotine pouches to help meet the growing demand from legal-age consumers switching from cigarettes or other traditional tobacco products.
Philip Morris International U.S. Affiliate to Create 500 Jobs Investing $600 Million in Aurora, Colo., Manufacturing Facility
Today, Philip Morris International Inc. (PMI) (
NYSEPM) announced an investment of $600 million over the next two years through one of its U.S. affiliates to open a state-of-the-art manufacturing facility in Aurora, Colo. The facility is expected to create 500 direct jobs with ongoing annual economic impact of $550 million and an additional 1,000 indirect jobs* for the State of Colorado as it produces Swedish Match ZYN nicotine pouches to help meet the growing global demand from legal-age consumers for smoke-free products.
Swedish Match USA, Inc. Presents to U.S. Food and Drug Administration Advisory Committee to Renew Modified Risk Claim for General Snus
Experts from Swedish Match USA, Inc., an affiliate of Philip Morris International Inc. (
NYSEPM) (PMI), presented to the Tobacco Products Scientific Advisory Committee (TPSAC) on June 26, 2024. The committee, comprised of independent scientific researchers, provides regulatory guidance to the U.S. Food and Drug Administration’s (FDA) Center for Tobacco Products.
Philip Morris International to Fund Law Clinics in Expansion of the Organization’s U.S. Veterans Program
Philip Morris International (PMI) today announced a renewed commitment of over $3 million to support the veterans community nationwide this year. The strategy is informed by the findings of a newly published white paper, “Serving Those Who Served,” which shares first-person insights from veterans across the country and details PMI’s commitment to empower and positively impact the lives of veterans and their families. Actions include an initial $850,000 awarded by PMI to legal clinics at select law schools as part of a coordinated initiative supporting military veterans in their transition to civilian life, as well as additional funding for local and national organizations improving the lives of veterans. This scaled-up commitment reflects PMI’s intensified focus on the veterans community as the company further establishes itself in the U.S. market, which began with its 2022 acquisition of Swedish Match.
Philip Morris International Announces August 8 Concert to Benefit Connecticut’s Military Veterans
Today, as part of its continued community support, Philip Morris International (PMI) announced a charity concert in Stamford, Conn., to benefit leading workforce development nonprofit Career Resources, Inc (CRI). Featuring three-time Grammy Award winner, producer, actor, and philanthropist Wyclef Jean, the concert will support CRI’s work helping veterans advance their civilian careers via job training and workforce transition services. Wyclef is a long-time collaborator of PMI, having performed on behalf of the company at the Cannes Festival of Ideas, on the sidelines of the World Economic Forum in Davos and United Nations General Assembly, and in several markets worldwide, including Milan, Italy. The concert will take place on Thursday, Aug. 8, 2024, as part of Downtown’s Alive At Five summer concert series. In addition to a donation being made from PMI to support CRI, the company is also donating the artist fees for Wyclef’s performance. In a first for the concert series, a text-to-donate campaign will be displayed on the stage throughout the concert, enabling audience members to donate directly to CRI.
Philip Morris International Tops Forbes’ 2024 Net Zero Leaders List
Philip Morris International Inc. (PMI) (
NYSEPM) has ranked first in Forbes’ 2024 Net Zero Leaders ranking,1 which highlights the 100 U.S. public companies best positioned to reduce their greenhouse gas (GHG) emissions.
Philip Morris International Demonstrates Clear Progress Toward Its Purpose as It Releases 2023 Integrated Report
Philip Morris International Inc. (PMI) (
NYSEPM) today releases its fifth annual Integrated Report, which outlines the company’s ongoing work to advance toward its 2025 Roadmap goals, with the primary focus on addressing the health impacts of the company’s products.
Philip Morris International Names New External Affairs Leader
Philip Morris International Inc. (PMI) (
NYSEPM) is pleased to announce the appointment of Christos Harpantidis to the position of Senior Vice President, External Affairs effective May 1, 2024. In his new role, Mr. Harpantidis will report to the company’s CEO, Jacek Olczak.
Unleashing the Power: How the “Fifth Estate” Drives Decision-Makers in Business and Politics
Individuals now wield substantial influence over the decision-making process of established institutions. Philip Morris International (PMI) (
NYSEPM) examined this topic in a white paper and an international survey recently released that discusses how individuals are leveraging the power of the “Fifth Estate” to transform public dialogue, influence policymaking, and challenge traditional institutions of authority. By leveraging the positive aspects of this emerging influence, society can drive meaningful action on the world’s critical issues.
Philip Morris International Launches New IQOS ILUMA i in Japan to Accelerate the Achievement of a Smoke-Free Future
Philip Morris International Inc. (PMI) (
NYSEPM) today announced the launch of IQOS ILUMA i, the latest and most innovative addition to its growing portfolio of smoke-free products for adults who would otherwise continue to smoke or use nicotine products. Today, this range of better alternatives to cigarettes includes multiple generations of IQOS, the No. 1 tobacco heating system.1 The launch also marks the 10-Year anniversary of IQOS, originally launching in Nagoya, Japan in 2014.
Philip Morris International’s U.S. Business Champions Female Economic Growth in Connecticut with Record-Setting $5 Million Investment Through New Partnership with Women’s Business Development Council
Today, Philip Morris International (PMI) (
NYSEPM) announces the launch of an extended partnership via its U.S. business to support female empowerment with a record-setting $5 million investment in the Women’s Business Development Council (WBDC), a 501(c)(3) charitable organization dedicated to providing tools and resources to help women entrepreneurs thrive in business throughout Connecticut.
Philip Morris International Received Fourth Consecutive CDP ‘Triple-A’ Rating for Climate, Forest, and Water
For the fourth consecutive year, Philip Morris International Inc. (PMI) (
NYSEPM) has received a “triple-A” rating from CDP for its disclosures on climate change, forests, and water security—placing PMI among the world’s leading companies in environmental transparency and action.
PMI and BAT Announce Global Patent Settlement
Philip Morris International Inc (PMI) (
NYSEPM) is pleased to announce that it has reached a global settlement with British American Tobacco p.l.c. (BAT) that resolves all ongoing patent infringement litigation between the parties related to our heated tobacco and vapor products.
Philip Morris International Discusses Its Marketing Practices
Moira Gilchrist, Global Chief Communications Officer at Philip Morris International (PMI), clarifies company’s marketing practices and facts related to ZYN nicotine pouches.
A New Power Rises: White Paper from Philip Morris International Examines Societal Impact of the Fifth Estate
A white paper and survey released today by Philip Morris International Inc. (PMI) (
NYSEPM) examine the increasing influence of the Fifth Estate on public discourse. Encompassing a vast and diverse range of independent commentators, social media users, content creators, and online communities, the Fifth Estate poses unprecedented challenges and opportunities for established institutions by empowering individuals and citizen-led movements to drive change.
Philip Morris International Announces Senior Global Communications Leadership Changes
Philip Morris International Inc. (PMI) (
NYSEPM) today announced senior management changes to further accelerate its rapid transition to a substantially smoke-free company.
Philip Morris International Included in Dow Jones Sustainability World Index
Philip Morris International Inc. (PMI) (
NYSEPM) has been included in the Dow Jones Sustainability™ World Index for the first time, and for the fourth consecutive year in the Dow Jones Sustainability™ North America Composite Index.1 The Dow Jones Sustainability™ World Index is one of the most reputable benchmarks for measuring the sustainability performance of companies worldwide, as identified by S&P Global through the annual Corporate Sustainability Assessment (CSA). The World Index includes the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental, and social criteria.
Travis Parman Joins Philip Morris International as Vice President, Chief Communications Officer, U.S.
Philip Morris International Inc. (PMI) (
NYSEPM) announced today that it has appointed Travis Parman Vice President, Chief Communications Officer, U.S. Parman will lead communications for PMI’s U.S. business as the company progresses toward its goal of delivering a smoke-free future for adults who currently smoke and would otherwise not quit.
Governments Need to Keep up with Innovative Breakthroughs to Benefit Public Health, Reveals International Survey Commissioned by PMI
A new international survey conducted for Philip Morris International Inc. (PMI) (
NYSEPM) by independent research firm Povaddo shows a majority of respondents believing that policymakers are too slow in embracing technological breakthroughs and innovation, with 74 percent agreeing that governments’ failure to act in a timely fashion has negative consequences for public health. These results reinforce the call to put an end to inaction and accelerate progress on a smoke-free future.
Philip Morris International Submits Applications to Commercialize IQOS ILUMA Tobacco Heating System to U.S. Food and Drug Administration
Philip Morris International Inc. (PMI) (
NYSEPM) on October 20 submitted Premarket Tobacco Product Applications (PMTAs) and Modified Risk Tobacco Product Applications (MRTPAs) for IQOS ILUMA heated tobacco products with the U.S. Food and Drug Administration (FDA).
Philip Morris International Joins We Card Retailer Support Program
Philip Morris International Inc. (PMI) (
NYSEPM) today announced that it has joined The We Card Program, Inc., a national nonprofit serving the nation’s retailers of age-restricted products. The company’s Swedish Match affiliate will serve on We Card’s Manufacturer Advisory Council.
Philip Morris International Receives Science-Based Targets initiative (SBTi) Validation for its Forest, Land, and Agriculture (FLAG) Emissions Reductions Targets
Philip Morris International Inc. (PMI) (
NYSEPM) announced today that the Science Based Targets initiative (SBTi) has verified its Forest, Land, and Agriculture (FLAG) emissions reductions targets. PMI is one of very few companies so far to achieve this recognition.
“Too Much Time Has Been Wasted”: PMI CEO Challenges Governments Across the Globe to Embrace Smoke-Free Alternatives to End Cigarettes Faster
A potential tenfold reduction in smoking-attributable deaths is possible if people who currently smoke were to switch to smoke-free products, Jacek Olczak, CEO of Philip Morris International Inc. (PMI) (
NYSEPM) will state in a speech today. He will explain the role smoke-free products can play in ending cigarette smoking globally and the human consequences of inaction.
Philip Morris International Appoints Finance Leader Victoria Harker to Its Board of Directors
Philip Morris International Inc. (PMI) (
NYSEPM) announced today that on September 13, 2023, its Board of Directors appointed a new member, Ms. Victoria Harker, to serve on the Board of Directors, effective January 1, 2024.
Philip Morris International Publishes First Human Rights Report
Philip Morris International Inc. (PMI) (
NYSEPM) today released its first Human Rights Report, detailing the company’s strategy to promote, respect, and protect human rights, and its progress to date in implementing its Human Rights Commitment.
“Cigarettes belong in museums,” says Philip Morris International CEO in speech in London
Jacek Olczak, Chief Executive Officer of Philip Morris International Inc. (PMI) (
NYSEPM), today delivered remarks at the UnHerd Club in London, calling on governments globally to accelerate the end of cigarettes.
