Philip Morris Appoints Massimo Andolina as New Group CFO Effective August 1

Philip Morris International announced a change in its financial leadership, appointing Massimo Andolina, the current President of the Europe Region, as its new Group Chief Financial Officer. He will succeed Emmanuel Babeau, who will transition to a strategic advisory role.

Key Details

• New CFO: Massimo Andolina, currently the company's President, Europe Region.
• Outgoing CFO: Emmanuel Babeau will remain with the company as a Strategic Advisor to the CEO until March 31, 2027, to ensure a smooth transition.
• Effective Date: The appointment of Mr. Andolina as CFO is effective August 1, 2026.