PMI Names New Consumer Execs, Commits To…


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The tobacco large introduced new employees and large plans to fight local weather change.

LAUSANNE, Switzerland — Philip Morris Worldwide, one of many world’s largest tobacco corporations, introduced that they’ve employed new company leaders to guide the corporate towards a smoke-free product base and that they intend to fulfill sure carbon neutrality targets so as to fight local weather change.

“We are introducing a category management structure to further unlock and enhance PMI’s growth as the company accelerates toward a smoke-free future, ensuring that we remain focused, delivering on what matters, seamlessly—faster, with better quality, and improved cost,” mentioned Jacek Olczak, the chief government officer of Philip Morris Worldwide (PMI).

In response to a press assertion, Stefano Volpetti has been appointed PMI’s president for the smoke-free merchandise class whereas sustaining the position of chief shopper officer. Werner Barth was named as PMI’s president for the combustibles class and world combustibles advertising technique.

“Stefano and Werner are leaders of exceptional caliber, and I have every confidence that they will succeed in their new roles, working closely together to achieve a smoke-free future.”

“Establishing a global end-to-end category view will be fundamental in further driving our smoke-free products’ growth trajectory, fostering consumer centricity, and leveraging the strengths of our markets and regions as we work together to deliver on our smoke-free future ambitions,” mentioned Volpetti.

Barth added: “The new structure will be paramount in achieving our financial and non-financial targets over the next several years, helping us maintain our competitive position in the cigarette market, which in turn best positions us to significantly accelerate our smoke-free journey.”

Philip Morris Worldwide additionally lately introduced the corporate’s plans to be carbon impartial within the coming years.

PMI issued its “Low-Carbon Transition Plan” with up to date targets and a technique to decarbonize company operations by the 12 months 2025. This plan additionally outlines targets to achieve net-zero emissions throughout your entire PMI worth chain by the 12 months 2040.

“By presenting our low-carbon transformation strategy, we hope to encourage change and foster engagement with investors and other stakeholders who will be able to evaluate whether our company is appropriately adapting its business model for success in a net-zero carbon economy,” mentioned Jennifer Motles, PMI’s chief sustainability officer. “The LCTP showcases how our targets are underpinned by detailed operational measures and a solid business strategy, which are vital to translate ambition into action, achievement, and impact, and most important, the only way to safeguard the sustainability of our business and to help contribute to wider societal action.”


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