March 25, 2021
Dear Fellow Shareholder,
You are cordially invited to join us at the 2021 Annual Meeting of Shareholders of Philip Morris
International Inc. (PMI or the Company) to be held on Wednesday, May 5, 2021, at 9:00 a.m. Eastern Daylight Time (EDT). As the COVID-19 pandemic persists, our focus is
on the health and well being of our employees, their families and the communities in which we operate. As such, we are pleased to once again host a virtual meeting this year. Meaningful shareholder engagement is important to us, and our 2020 Virtual
Annual Meeting of Shareholders, conducted solely online through a live webcast, significantly improved shareholder attendance and participation. We believe that this year, this format will again facilitate participation of our shareholders
worldwide, regardless of their resources, size or physical location, while saving us and our shareholders time and travel expenses, and, importantly, reducing our environmental impact.
Shareholders will have the same rights and opportunities to participate in our virtual meeting as they would at an
in-person meeting. For full transparency, during the Q&A session, which will be publicly webcast, our shareholders will be able to ask questions live, on a first-come, first-served basis. In addition, a
full webcast replay will be posted to our Investor Relations website at www.pmi.com/investors for one year following the meeting.
The meeting will
be hosted online at www.virtualshareholdermeeting.com/PMI2021.
At this years meeting, we will vote on: (i) the election of thirteen
directors; (ii) an advisory say-on-pay resolution approving executive compensation; and (iii) the ratification of the selection of PricewaterhouseCoopers SA as
the Companys independent auditors. There will also be a report on the Companys business, and shareholders will have an opportunity to ask questions.
To participate, you will need to enter the 16-digit control number included on your proxy card, notice of
Internet availability of proxy materials, or on the voting instruction form accompanying your proxy materials. For more detailed information, see the instructions set forth in Question 4 on page 70 of this proxy statement.
As announced by the Board of Directors on December 10, 2020, Louis C. Camilleri, our former Chairman, retired in December 2020, and I assumed the
role of interim Chairman until the 2021 Annual Meeting of Shareholders. André Calantzopoulos, our current Chief Executive Officer, will chair the meeting, as he will become Executive Chairman of the Board immediately before it. Jacek Olczak,
our current Chief Operating Officer, will become our Chief Executive Officer immediately following the meeting and will succeed André. Both André and I would like to express our profound appreciation for Mr. Camilleris
amazing contributions to the success of PMI and for his leadership, guidance, devotion, and, above all, humanity. Having worked closely with Jacek for decades, both André and I deeply believe that Jaceks passion for the Company and its
employees, drive for results, and deep knowledge of the Companys products, systems, values, and investors, make him the ideal leader to ensure the continued growth of our business and shareholder value. We would like to express our gratitude
to you, our shareholders, for your support over the years.
You will also note that Jennifer Li has decided not to stand for re-election at the Annual Meeting. She has been an exemplary director, and has provided an invaluable service to the Company. Our heartfelt gratitude goes out to her for her years of dedicated commitment to the
Company.
Your vote is important. We encourage you to sign and return your proxy card, or use telephone or Internet voting prior to the meeting, so
that your shares of common stock will be represented and voted at the meeting even if you do not attend.
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Sincerely,
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Sincerely,
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LUCIO A. NOTO
INTERIM CHAIRMAN OF
THE BOARD
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ANDRÉ CALANTZOPOULOS
CHIEF EXECUTIVE OFFICER
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For further information about the Annual Meeting, please call toll-free 1-866-713-8075.
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PMI 2021 Proxy Statement 1
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