Jacek Olczak was appointed the Chief Executive Officer of PMI in May 2021.
3 Employees or Board Members: Past and Present for USD$95 million, which sell Derby, Marlboro and L&M cigarettes in Costa Rica. 9 10 On March 21, 2018, PMI acquired Tabacalera Costarricense, S.A. 6 7 8 However the merger was called off the next month, in response to news that the FDA was considering a ban on flavoured e-cigarettes. On 27 August 2019, global news outlets reported that PMI and Altria were considering a merger to reunite the brands that had split in 2007. 4Īccording to Euromonitor International, PMI’s global share of the cigarette market (by retail volume) was under 14% in 2018, and fell to 12% in 2020 (figures rounded). The company reported owning a market share of at least 15% or over in 100 countries in 2018, although in the UK PMI held only fourth position for cigarette market share behind Imperial Tobacco, Japan Tobacco International (JTI) and British American Tobacco (BAT).
Its global cigarette brands are Marlboro (the world’s bestselling international brand), Merit, Parliament, Virginian S, L&M, Philip Morris, Bond Street, Chesterfield, Lark, Muratti, Next and Red & White. 3 The company owned six of the top 15 international cigarette brands in 2018. The company reported in 2019 that it held 28.4% of the global market for cigarette and heated tobacco products (HTPS) excluding the US and China. In 2018, PMI and its subsidiaries sold its products in over 180 markets, selling cigarettes, other tobacco products and newer nicotine and tobacco products. According to the Associated Press, Altria decided to separate Philip Morris USA and its international operations in order to “clear the international tobacco business from the legal and regulatory constraints facing its domestic counterpart, Philip Morris USA”. 1 The company is headquartered in New York in the United States (US), but also based operationally in Lausanne, Switzerland and Hong Kong. Philip Morris International (PMI) is the largest tobacco company in the world (excluding the Chinese National Tobacco Corporation).
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