Headquartered in Stamford, Connecticut and listed on the New York Stock Exchange (NYSE: PM), at PMI, we are building our future on replacing cigarettes with smoke-free products that—while not risk-free—are a better alternative than cigarette smoking.

It’s the biggest shift in our history. And it’s the right one for our consumers, our company, our shareholders, and society.

Led by science and innovation, and with the right regulatory encouragement and support from civil society, we can achieve our vision of a smoke-free future, faster.

“PMI today is an entirely different company to the one I joined,” said Jacek Olczak, CEO of PMI. “Our products, people, and purpose have evolved.”

 
 

It’s time to make smoking history

2:26

Jacek Olczak, CEO, Philip Morris International
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It’s time to make smoking history

Voiceover: Jacek Olczak, CEO, Philip Morris International

This company wants to change the world.

If we can get there this is going to be really phenomenal

Fast-paced music starts

Words on screen read: That’s why at Philip Morris International, we’ve committed to deliver a smoke-free future.

Voiceover: Stefano Volpetti, President, Smoke-Free Inhaled Products & Chief Consumer Officer, PMI.

This company has had the courage, the vision and leadership to establish a new direction.

Voiceover: Bin Li, Chief Product Officer, PMI

It's very difficult for a company to sign up for a big transformation like this.

Words on screen read: Our ambition? To move away from cigarettes.

Voiceover: Stacey Kennedy, President Americas Region and CEO of PMI’s U.S. business:

We are building our company's future around better alternatives to smoking.

Voiceover: Michael Voegele, Chief Digital and Information Officer, PMI:

I think it's a unique challenge being part of a team that revolutionizes the industry

Words on screen read: Since 2008, we’ve invested over 12.5 billion dollars in scientific substantiated smoke-free products.

Voiceover: Gregoire Verdeaux, Senior Vice President, External Affairs, PMI:

The end of cigarettes is doable and it is about setting a date, setting a timetable and setting a path to go there.

Words on screen read: And by 2030, we aim to have more than two-thirds of our net revenue come from smoke-free products.

In 2023, we were at 39.3% (as of December 31, 2023).

Voiceover: Marian Salzman, Senior Vice President & Chief Corporate Citizenship Officer, PMI:

I think we've become part of the ongoing dialogue around companies that can change.

Voiceover: Lars Dahlgren, President, Smoke-Free Oral Products and CEO, Swedish Match:

I've been impressed with the boldness of PMI articulating that the future is smoke free products.

Words on screen read: Currently our smoke-free products are available in 84 markets

Voiceover: Dr Moira Gilchrist, Chief Communications Officer, PMI:

We set out to develop these products and gather scientific evidence.

Voiceover: Dr Badrul Chowdhury, Chief Life Sciences Officer, Smoke-Free Products:

You actually have a product where the hundred or so chemicals which are known to be harmful are reduced or eliminated. That's the scientific breakthrough.

Voiceover: Dr Moira Gilchrist, Chief Communications Officer, PMI:

This is transforming the entire industry

Voiceover: Jacek Olczak, CEO, Philip Morris International:

The evidence is clear. Smoke-free alternatives can accelerate the end of smoking. The world has to move now to help smokers to move to the better alternative.

Words on screen read: 28.6 million adults globally are using our leading heated tobacco product, of which 20.8 million have switched completely and stopped smoking.

Voiceover: Jacek Olczak, CEO, Philip Morris International:

It's time to make smoking history.

Philip Morris International is seen on screen.

We’ve fundamentally transformed our business to deliver a smoke-free future. And this is a future I remain focused on achieving as quickly as possible.
Jacek Olczak, Chief Executive Officer, Philip Morris International

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10 facts about Philip Morris International

Unless otherwise stated, figures are as of December 31, 2023

Employees

Facilities

R&D

Markets

Smoke-free markets

Production

Consumers

Brands

Revenue

Shipment volume

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~82,700 employees around the world
(Figure includes Vectura Fertin Pharma, and Swedish Match.)

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Two smoke-free product research facilities, in Switzerland and Singapore

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Over 1,586 research and development scientists, engineers and technicians working on smoke-free products

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180 markets where our products are sold

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84 markets where our smoke-free products are sold
(as of December 31, 2023)

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50 production facilities worldwide

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150 million consumers worldwide

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5 of the world’s top 15 cigarette brands, including Marlboro

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USD 35.1 billion net revenue

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738.2 billion units total shipment volume

 
 
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Our views and standards

We’ve set out a bold vision for PMI, but it is critical that both our own employees and any third-party suppliers and partners we work with respect our views and standards in the pursuit of that goal.

Read more
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Key
milestones

Philip Morris International’s history stretches back to the 19th century, but now—as a science and technology company delivering innovative products—we are accelerating toward a smoke-free future.

Read more
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Corporate Governance

We believe that excellence in corporate governance goes hand-in-hand with delivering business results. We strive for transparency in our governance practices and policies, while remaining responsive to our shareholders.
Read more
 
 

Inclusion and diversity

It is crucial to our transformation that we attract and retain a diverse community of innovators who can help deliver our smoke-free vision.