Philip Morris International Management
Management criteria checks 2/4
Philip Morris International's CEO is Jacek Olczak, appointed in May 2021, has a tenure of 2.92 years. total yearly compensation is $25.48M, comprised of 6.5% salary and 93.5% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth €29.61M. The average tenure of the management team and the board of directors is 2.9 years and 4.6 years respectively.
Key information
Jacek Olczak
Chief executive officer
US$25.5m
Total compensation
| CEO salary percentage | 6.5% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.02% |
| Management average tenure | 2.9yrs |
| Board average tenure | 4.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$8b |
| Dec 31 2023 | US$25m | US$2m | US$8b |
| Sep 30 2023 | n/a | n/a | US$8b |
| Jun 30 2023 | n/a | n/a | US$8b |
| Mar 31 2023 | n/a | n/a | US$9b |
| Dec 31 2022 | US$16m | US$1m | US$9b |
| Sep 30 2022 | n/a | n/a | US$9b |
| Jun 30 2022 | n/a | n/a | US$9b |
| Mar 31 2022 | n/a | n/a | US$9b |
| Dec 31 2021 | US$11m | US$1m | US$9b |
| Sep 30 2021 | n/a | n/a | US$9b |
| Jun 30 2021 | n/a | n/a | US$9b |
| Mar 31 2021 | n/a | n/a | US$9b |
| Dec 31 2020 | US$11m | US$1m | US$8b |
| Sep 30 2020 | n/a | n/a | US$8b |
| Jun 30 2020 | n/a | n/a | US$7b |
| Mar 31 2020 | n/a | n/a | US$8b |
| Dec 31 2019 | US$12m | US$1m | US$7b |
| Sep 30 2019 | n/a | n/a | US$7b |
| Jun 30 2019 | n/a | n/a | US$8b |
| Mar 31 2019 | n/a | n/a | US$8b |
| Dec 31 2018 | US$6m | US$1m | US$8b |
| Sep 30 2018 | n/a | n/a | US$7b |
| Jun 30 2018 | n/a | n/a | US$6b |
| Mar 31 2018 | n/a | n/a | US$6b |
| Dec 31 2017 | US$7m | US$987k | US$6b |
Compensation vs Market: Jacek's total compensation ($USD25.48M) is above average for companies of similar size in the Austrian market ($USD4.49M).
Compensation vs Earnings: Jacek's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Jacek Olczak (58 yo)
2.9yrs
Tenure
US$25,480,514
Compensation
Mr. Jacek Olczak is the Chief Executive Officer and Director of Philip Morris International Inc. since May 05, 2021. He had been the Chief Operating Officer of Philip Morris International Inc. since Januar...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.9yrs | US$25.48m | 0.021% $ 29.6m | |
| Chief Financial Officer | 3.9yrs | US$10.21m | 0.0076% $ 10.8m | |
| President of South & Southeast Asia | 8.8yrs | US$10.77m | 0.011% $ 15.2m | |
| President of Americas Region & CEO of US Business | no data | US$7.41m | 0.0012% $ 1.8m | |
| President of Smoke-Free Inhalable Products & Chief Consumer Officer | 4.8yrs | US$9.21m | 0.0049% $ 6.9m | |
| Executive Chairman of the Board | 10.9yrs | no data | 0.068% $ 97.0m | |
| Senior Vice President of Operations | 1.3yrs | no data | no data | |
| Vice President of Treasury & Corporate Finance | no data | no data | no data | |
| Chief Digital & Information Officer | no data | no data | no data | |
| Vice President of Investor Relations & Financial Communications | no data | no data | no data | |
| Senior VP & General Counsel | less than a year | no data | 0.00092% $ 1.3m | |
| Chief Communications Officer | less than a year | no data | no data |
2.9yrs
Average Tenure
56yo
Average Age
Experienced Management: PMOR's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.9yrs | US$25.48m | 0.021% $ 29.6m | |
| Executive Chairman of the Board | 10.9yrs | no data | 0.068% $ 97.0m | |
| Independent Director | 9.6yrs | US$312.15k | 0.00022% $ 312.1k | |
| Lead Independent Director | 5.9yrs | US$335.00k | 0% $ 0 | |
| Independent Director | 12.3yrs | US$335.00k | 0.0016% $ 2.2m | |
| Independent Director | 9.3yrs | US$335.23k | 0.0056% $ 7.9m | |
| Independent Director | 3.3yrs | US$323.31k | 0.000070% $ 99.3k | |
| Independent Director | 2.9yrs | US$323.31k | 0.00012% $ 170.2k | |
| Independent Director | 12.6yrs | US$300.23k | 0.0017% $ 2.4m | |
| Independent Director | 2.9yrs | US$300.00k | 0.00038% $ 539.1k | |
| Independent Director | 2.3yrs | US$300.23k | 0% $ 0 | |
| Independent Director | 3.2yrs | US$300.00k | 0% $ 0 |
4.6yrs
Average Tenure
65yo
Average Age
Experienced Board: PMOR's board of directors are considered experienced (4.6 years average tenure).