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Philip Morris International Inc latest news:
UPDATE 1-WHO tells govts to reject Philip Morris-funded smoking foundation
GENEVA, Sept 28 (Reuters) - The World Health Organization
told governments on Thursday not to get involved in a foundation
funded by tobacco firm Philip Morris International to
look at ways of reducing the harm from smoking.
Is Too Much Happening All at Once at Philip Morris International?
Philip Morris names new CFO, makes organizational changes
Philip Morris International Inc. announced Thursday a number of organizational and senior management changes, as the tobacco company continues to move toward a cigarette-free future. The company said Chief Financial Officer Jacek Olczak will become chief operating officer, effective Jan. 1, while Martin King, currently the president of the Asia region, will be appointed as CFO. Philip Morris said it will increase the number of geographic operating regions to six from four. "There is no doubt that the greatest contribution PMI can make to society is to replace cigarettes with less harmful alternatives," said Chief Executive Andre Calantzopoulos. "The changes we are announcing today reflect our desire to best equip, empower and support our organization as we transform within a rapidly evolving environment." The stock rose 0.9% in premarket trade. It has lost 6.2% over the past three months but has run up 22% year to date, while the S&P 500 has gained 12% this year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Motor racing-Ferrari continue with tobacco sponsor
The Ferrari Formula One team and tobacco company Philip Morris International (PM) announced on Monday the renewal of one of the longest-running and least obvious sponsorships in sport. A Ferrari statement gave no details about the amount or time frame of the deal.
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