Philip Morris International, Inc. (NYSE:PM) is a leading global tobacco and nicotine company headquartered in New York City. Established as a spin‐off from Altria Group in 2008, the company develops, manufactures, and sells cigarettes, heated tobacco products and nicotine‐containing alternatives. Its flagship brand, Marlboro, is one of the world’s best-selling cigarette brands, supported by a diverse portfolio that includes Chesterfield, L&M and Philip Morris.
In recent years, Philip Morris International has invested heavily in smoke-free technologies, most notably the IQOS heated tobacco system and related consumables. These smoke-free offerings are designed to reduce the health risks associated with combustible cigarettes by heating tobacco instead of burning it. The company also markets a range of oral nicotine pouches under the Zyn and HEETS brands, aiming to capture shifting consumer preferences and regulatory trends toward smoke-free alternatives.
Philip Morris International operates in over 180 markets, with a strong presence in Europe, Asia, Latin America and the Middle East. The company maintains an extensive manufacturing and distribution network, and its research and development centers focus on product innovation and risk reduction. Through strategic partnerships and acquisitions, PMI continues to expand its reach into emerging markets while adapting to evolving regulatory environments.
Under the leadership of Chairman and Chief Executive Officer Jacek Olczak, Philip Morris International pursues a vision of transformation to a ‘smoke-free future.’ The executive team emphasizes sustainability, corporate responsibility and rigorous scientific assessment to guide product development and stakeholder engagement. By balancing traditional tobacco operations with a growing smoke-free portfolio, PMI aims to deliver long-term value for shareholders and reduce the global burden of smoking.
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