Follow by Email

Tuesday, May 8, 2012

Philip Morris Names Jacek Olczak CFO, Succeeding Hermann Waldemer

Tobacco firm Philip Morris International  on Monday said its Chief Financial Officer Hermann Waldemer has elected to take early retirement effective July 31. Waldemer will be succeeded by Jacek Olczak, with effect from August 1.
PMI Brands
Philip Morris International Brand portfolio
Olczak is currently President, European Union Region. He will be succeeded by Drago Azinovic, currently President, Philip Morris Japan.
Commenting on Waldemer's retirement, Louis Camilleri, Chairman and CEO, said, "His crowning achievement is undoubtedly his invaluable contribution as CFO to our company's tremendous performance since our spin off from Altria Group, Inc., in March 2008."
Olczak has been in his present role since April 2009. Since joining the tobacco company in 1993, Jacek has held several increasingly senior positions in Finance, Sales and Operations, including General Manager Romania, Managing Director Poland and the Baltic States.
Azinovic joined the company in 2009 as Vice President Marketing and Sales for the Asia Region. In July 2011, he was appointed to his current position as President of the company's affiliate in Japan.
PM closed on Friday at $89.13, down $0.83 or 0.92 percent, on 3.71 million shares.

1 comment:

  1. I am really thankful to all your squad for sharing specified inspirational substance.
    ever smoke

    ReplyDelete