Philip Morris International (PMI) has appointed Marco Hannappel as President, Europe Region, and Can Kuterdem as President, Latin America & Canada Region, effective August 1, 2026. These leadership changes are designed to strengthen the company's operational structure as it transitions toward a smoke-free future. The appointments follow an organizational model evolution announced in late 2025, which established PMI International as a primary business unit generating the majority of total net revenues.

New Regional Appointments

Hannappel succeeds Massimo Andolina, who becomes PMI's Group Chief Financial Officer on August 1, 2026. Hannappel joined PMI in 2019 as President and Managing Director Italy and most recently served as President of the Latin America & Canada Region. Kuterdem succeeds Hannappel and previously served as Managing Director, Poland, where he transformed the market into a multi-category business. Before joining PMI in 2020, Kuterdem held senior roles at The Boston Consulting Group and Samsung.

Leadership Structure

The four regional presidents report to Frederic de Wilde, CEO of the International Business Unit. The structure includes:

Strategic Context

Gijs de Best, appointed in January 2026, brings over 20 years of experience at PMI, having started as a financial analyst in the Netherlands in 2004. Vassilis Gkatzelis continues to lead the East & Southeast Asia, Pacific and Global Travel Retail Region, a role he assumed in 2024. The organizational changes, implemented earlier in 2026, also established PMI U.S. under the leadership of Stacey Kennedy and the wellness unit Aspeya. PMI estimates its smoke-free products were used by over 43 million legal-age consumers as of December 31, 2025, accounting for 43% of first-quarter 2026 total net revenues.

Philip Morris International Inc. has declared a regular quarterly dividend of $1.47 per common share, payable on July 20, 2026. The Board of Directors set the record date as June 25, 2026, which also serves as the ex-dividend date. This announcement provides shareholders with a clear timeline for dividend entitlement and payment.

Dividend Details

The declaration outlines the specific financial distribution and associated dates for shareholders. The following table summarizes the key dividend metrics:

Corporate Context

Philip Morris International operates as a leading international consumer goods company. Its product portfolio includes cigarettes and smoke-free products such as heat-not-burn devices, nicotine pouches, and e-vapor products. The company has invested over $16 billion since 2008 to develop and commercialize these smoke-free products. As of December 31, 2025, the company estimated that over 43 million legal-age consumers used its smoke-free products across more than 105 markets. In the first quarter of 2026, the smoke-free business accounted for 43% of the company's total net revenues.