Corporate Governance
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Board of Directors

Corporate governance

We believe that excellence in corporate governance goes hand-in-hand with delivering business results. We strive for transparency in our governance practices and policies while remaining responsive to our shareholders. We see these as indispensable ingredients in positioning the company for long-term success.

 

Discover what our Board does for PMI

Our Board is the governing body for PMI and is a team of seasoned advisors who help oversee the company’s full range of activities.

Led by its Chairman, the Board is responsible for the oversight of corporate policies, strategic direction, and management. The Board is regularly informed of the company’s performance, future plans, and significant issues affecting our business. 

The Board meets several times per year, typically in February, March, May, June, September, November, and December, with additional meetings held as necessary. The organizational meeting of the Board follows immediately after the Annual Meeting of Shareholders. The Board meets in executive session at each of its meetings.

André Calantzopoulos

Director and Chief Executive Officer Mr. Calantzopoulos became our Chief Executive Officer in May 2013. He served as our Chief Operating Officer since our spin-off on March 28, 2008, and until becoming CEO. Mr. Calantzopoulos served as PMI’s President and Chief Executive Officer between 2002 and the date of our spin-off. He joined the Company in 1985 and worked extensively across Central Europe, including as Managing Director of PM Poland and President of the EEMA Region.
Andre Calantzopoulos

Lucio A. Noto

Interim Chairman of the Board
Mr. Noto assumed his current position with Midstream Partners, LLC in March 2001. He retired as Vice Chairman of ExxonMobil Corporation in January 2001, a position he had held since the merger of the Exxon and Mobil companies in November 1999. Before the merger, Mr. Noto was Chairman and Chief Executive Officer of Mobil Corporation. Mr. Noto had been employed by Mobil continuously since 1962.
Mr. Noto is a director of Penske Automotive Group, Inc. He also served on the boards of IBM from 1995 to 2008, Altria Group, Inc. from 1998 to 2008, Shinsei Bank from 2005 to 2008, Commercial International Bank from 2006 to 2009 and RHJ International S.A. from 2011 to 2015.
Mr. Noto is a member of the Audit, Compensation and Leadership Development, Consumer Relationships and Regulation, Finance, Nominating and Corporate Governance, and Product Innovation and Regulatory Affairs Committees.
Lou Noto 2017 Proxy Photo

Bonin Bough

Director
Previously one of the youngest C-suite executives in a Fortune 50 company, Mr. Bough has been responsible for some of the most successful industry transformations and the rapid growth of several of the world’s best brands, including Oreo, Cadbury, Pepsi, Gatorade, and Frito-Lay. Mr. Bough has served as Chief Growth and Marketing Officer of Sundial Brands (Unilever); Chief Media and E-commerce Officer of Mondelez International; Vice President, Global Media and Consumer Engagement of Kraft Foods Group; and Chief Digital Officer of PepsiCo. He was a board member at SITO from 2018 to 2020. He is the founder of Bonin Ventures, a growth accelerator.
Consistently at the forefront of innovation thinking and execution, Mr. Bough is recognized as a top mobile marketer and is a regular keynote speaker. He has been inducted into the AAF Advertising Hall of Achievement and has been named to Fortune’s 40 Under 40, Fast Company’s 100 Most Creative People in Business, the EBONY Power 100, and The Internationalist’s Internationalists of the Year.
Mr. Bough is a member of the Consumer Relationships and Regulation Committee and the Finance Committee.
Bonin Bough PMI Board of Directors

Michel Combes

Director
Mr. Combes, a French businessman, is president of SoftBank Group International and oversees several Softbank portfolio companies. He was Chief Financial Officer and then CEO and a member of the board of directors of Sprint, CEO of Vodafone Europe, CEO of Alcatel-Lucent, CEO and Chief Operating Officer of Altice, and Chairman and CEO of SFR Group. Prior, he held several positions within French ministries, at France Telecom (including Senior Vice President and Chief Financial Officer), and at TDF (Télédiffusion de France).
He is a member the Finance, Nominating and Corporate Governance, and Product Innovation and Regulatory Affairs Committees.
Michel Combes

Werner Geissler

Director
Mr. Geissler became an Operating Partner of Advent International in 2015. He previously served as Vice Chairman and Special Advisor to the Chairman and CEO of Procter & Gamble until his retirement in January 2015. He joined that company in 1979 and served in various capacities, including President, Northeast Asia, from 2001 to 2004, Group President, Central and Eastern Europe, Middle East and Africa, from 2004 to 2007, and Vice Chairman, Global Operations, from 2007 to 2014. Mr. Geissler is a director of the Goodyear Tire & Rubber Company. 
He is Chair of the Compensation and Leadership Development Committee and a member of the Audit, Consumer Relationships and Regulation, and Finance Committees.
Werner-Geissler

Lisa Hook

Director
Ms. Hook served as Chief Executive Officer of Neustar, Inc. from October 2010, as a member of its Board from November 2010, and as President from January 2008. She retired from Neustar in July 2018. Ms. Hook served as President and Chief Executive Officer of Sunrocket, Inc. from 2006 to 2007, and held several executive-level posts at America Online, Inc. from 2001 to 2004. Previously, she was a partner at Brera Capital Partners, a global private equity investment firm, managing director of Alpine Capital Group, LLC, an investment banking firm, an executive at Time Warner, Inc., a legal advisor to the Chairman of the Federal Communications Commission, and a senior attorney at Viacom International, Inc.
Ms. Hook serves on the board of Fidelity National Information Services, Inc., a global leader in banking and payment solutions, Ping Identity Holding Corp., a pioneer in digital identity solutions, and Unisys Corporation, a global information technology company. Ms. Hook served as Senior Independent Director of RELX PLC and RELX NV, providers of information solutions, from 2006 to 2016. Previously, she served as a director of Covad Communications and Time Warner Telecom, Inc. In 2012, she was appointed by President Obama to serve on the National Security Telecommunications Advisory Committee.
Ms. Hook is Chair of the Consumer Relationships and Regulation Committee and a member of the Audit, Compensation and Leadership Development, Finance, and Product Innovation and Regulatory Affairs Committees.
Lisa Hook

Jennifer Li

Director
Ms. Li currently serves as Chief Executive Officer and Managing Partner, Changcheng Investment Partners. Previously, she served as Chief Executive Officer and General Managing Director of Baidu Capital. Ms. Li joined Baidu, Inc., the largest Internet search engine in China and the third-largest independent search engine in the world, in 2008, as Chief Financial Officer, responsible for a wide range of corporate functions, including Finance, Human Resources, International Operations, Marketing, Communications and Purchasing. From 1994 to 2008, she held a number of senior finance positions at various General Motors companies in China, Singapore, the United States and Canada, rising to Chief Financial Officer of GM’s business in China and Financial Controller of the North American Operations of GMAC. Ms. Li is a director of Flex Ltd., ABB Ltd. and HSBC, Asia.
She is the Chair of the Audit Committee and a member of the Consumer Relationships and Regulation, Finance, and Nominating and Corporate Governance Committees.
Jennifer-Li

Jun Makihara

Director
Mr. Makihara was employed at Goldman, Sachs & Co. from 1981 to 2000, during which time he was a General Partner for six years, working in New York, Los Angeles, and Tokyo. During his tenure in Tokyo, he was co-head of the Investment Banking Group and the Japanese Equities Group and also served as co-branch manager. Subsequently, he was Chairman of Neoteny Co., Ltd., a Japanese venture incubator, until 2015.
Mr. Makihara is a director of Monex Group, Inc. and Shinsei Bank, Ltd. He is a trustee of the Protestant Episcopal Cathedral Foundation in Washington, D.C. and a board member of the Japan Society in New York. He also served on the board of RHJ International S.A. from 2005 to 2014.
Mr. Makihara is Chair of the Finance Committee and a member of the Audit and Product Innovation and Regulatory Affairs Committees.
Jun-Makihara

Kalpana Morparia

Director
Ms. Morparia assumed her current position in March 2019, having previously served as CEO of South and South East Asia since April 2016, and CEO of J.P. Morgan India since 2008. She is a member of J.P. Morgan’s Asia Pacific Management Committee. Prior to joining J.P. Morgan India, Ms. Morparia served as Joint Managing Director of ICICI Bank, India’s second-largest bank, from 2001 to 2007 and the Vice Chair of ICICI’s insurance and asset management business from 2007 to 2008.
Ms. Morparia is a director of Dr. Reddy’s Laboratories Ltd. and Hindustan Unilever Limited.
Ms. Morparia is Chair of the Nominating and Corporate Governance Committee and a member of the Consumer Relationships and Regulation and Finance Committees.
Kalpana-Morparia

Frederik Paulsen

Director
Dr. Paulsen has been Chairman of the Ferring Group, a research-driven, specialty biopharmaceutical group, since 1988, having joined that company in 1976.
Dr. Paulsen is a member of the boards of MGIMO University in Moscow, Russia, and the Pro Universitate of the Christian Albrechts University in Kiel, Germany, and a trustee of the Salk Institute of Biological Research in La Jolla, California, USA.
Dr. Paulsen is Chair of the Product Innovation and Regulatory Affairs Committee and a member of the Finance Committee.
Frederik-Paulsen

Robert B. Polet

Director
Mr. Polet is currently serving as Chairman of Rituals Cosmetics Enterprise B.V., and Chairman of Arica Holding B.V. He was Chairman of Safilo Group S.p.A. from 2011 to 2017, and President, Chief Executive Officer and Chairman of the Management Board of the Gucci Group from 2004 to 2011. Previously, Mr. Polet spent 26 years in the Unilever Group in a variety of executive roles, including President of Unilever’s Worldwide Ice Cream and Frozen Foods division, Chairman of Unilever Malaysia, Chairman of Van den Bergh and Executive Vice President of Unilever’s European Home and Personal Care division. Mr. Polet is a director of Safilo Group S.p.A. and William Grant & Sons Limited.
Mr. Polet serves on the Compensation and Leadership Development, Consumer Relationships and Regulation, Finance, and Nominating and Corporate Governance Committees.
Robert-B.-Polet

Board independence 

The Board has adopted important standards relating to director independence. You can read more about them, as well as about the Board's roles and responsibilities, in our Corporate Governance Guidelines.

Contact the Board

Contact the Board by sending a letter to our Presiding Director: 
Interim Chairman of the Board
Board of Directors 
Philip Morris International Inc.
120 Park Avenue
New York, N.Y. 10017-5579
U.S.A.

Procedures for handling communications from shareholders and other interested parties

The Corporate Secretary will process all communications about Board matters and forward them to the Interim Chairman. If they are specific to one Board committee, they will also be sent to the Chair of that committee. 
Communications that relate to ordinary business matters that are outside the scope of the Board’s responsibilities, such as customer complaints, will be sent to the appropriate subsidiary. 
Solicitations, junk mail, and obviously frivolous or inappropriate communications will not be forwarded.

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