Philip Morris International is due to host a live audio webcast at www.pmi.com/webcasts of its remarks and question-and-answer session by CFO Jacek Olczak at the Goldman Sachs Consumer Products Symposium on May 14, starting about 9:05 a.m. Eastern Time. The webcast, which will be in listen-only mode, will provide live audio of the entire PMI session. An [...]
Tag: "philip morris"
Cigarette maker Philip Morris Fortune Tobacco Corp. will have a new president starting May 1, taking the reins from Chris Nelson who is retiring effective on the same date. In an emailed statement, the company said Nelson will be succeeded by Paul Riley, another company veteran, as PMFTC president. “Chris has long expressed his desire to retire [...]
Thousands of jobs could be lost if plain packaging for cigarettes and tobacco products is introduced, according to a story in the South Wales Evening Post, citing a report released and commissioned by Philip Morris Ltd. The report suggests up to 30,000 of the 182,300 jobs in Britain’s small, independent retailers are at risk and concludes tobacco [...]
André Calantzopoulos has been appointed CEO of Philip Morris International. Calantzopoulos has served as PMI’s chief operating officer since the company’s spin-off in March 2008. Louis Camilleri, PMI’s previous CEO, will remain as chairman of the board and as an employee of the company. Since the spin-off, Camilleri and Calantzopoulos have worked closely together in their respective [...]
Philip Morris Indonesia plans to boost its production and export capacity, reports the Jakarta Globe. The company intends to build a new factory in West Java in 2013 that will produce non-clove cigarettes, especially Marlboros. Philip Morris Indonesia, which employs some 200 people at its existing factory in Bekasi, also in West Java, plans to [...]
A small manufacturer in Georgia pursues multinational standards. By Taco Tuinstra Nick Asanidze, managing director of the OGT tobacco company in Tbilisi, Georgia, is more than committed to product quality—he is passionate about it. Touring the factory with a foreign visitor, he ticks off the many stringent tests OGT cigarettes and packaging are subjected to: [...]