Philip Morris says evolving organizational model to advance smoke-free future

Philip Morris (PM) International further detailed a new corporate organizational model announced in conjunction with the company’s 2025 third quarter results. The updated organizational structure, effective January 1, 2026, is designed to enhance PMI’s agility and support its journey to becoming a smoke-free company under the leadership of Group CEO PMI Jacek Olczak. PMI’s smoke-free business is currently operating at scale across its regions, including substantial growth from the U.S., and will implement two new primary business units, reporting to Jacek Olczak: PMI International and PMI U.S. In addition, PMI’s Wellness unit, Aspeya, will continue to report to Jacek Olczak. For reporting purposes, the current four geographic segments will be replaced with three new reportable segments: International Smoke-Free, International Combustibles, and U.S. The company plans to report its financial results based on the new segments as of the first quarter of 2026. In the weeks following the company’s 2025 full-year earnings announcement, PMI plans to disclose select historical financial information for the 2023 to 2025 period based on the new segments. “As we continue to deliver best-in-class growth powered by our leading smoke-free brands, we are relentlessly focused on equipping our business for the future,” said Group CEO PMI Jacek Olczak. “This new organizational structure better reflects the way we do business today and will provide us with the agility and governance to maximize growth over the long-term,” he added. “I am immensely proud of our 83,000-strong workforce, whose hard work and dedication have made us the global smoke-free champion and look forward to leading this evolved organization as we prepare for the day our company is smoke-free, and beyond.”