Headquartered in Stamford, Connecticut and listed on the New York Stock Exchange (NYSE: PM), at PMI, we are building our future on replacing cigarettes with smoke-free products that—while not risk-free—are a better alternative than cigarette smoking.

It’s the biggest shift in our history. And it’s the right one for our consumers, our company, our shareholders, and society.

Led by science and innovation, and with the right regulatory encouragement and support from civil society, we can achieve our vision of a smoke-free future, faster.

“PMI today is an entirely different company to the one I joined,” said Jacek Olczak, CEO of PMI. “Our products, people, and purpose have evolved.”


PMI’s vision for a smoke-free future


Jacek Olczak, CEO, Philip Morris International

PMI’s vision for a smoke-free future

Jacek Olczak, CEO of Philip Morris International, speaks to camera:

This company is about the progress.

This company wants to change the world.

If we can get there, this is going to be phenomenal.

[Classical music]

Text on screen reads: We've built the world's most successful cigarette company,

but we have thoroughly transformed,

taking great strides towards realizing our vision of replacing cigarettes for good.

Stefano Volpetti, President, Smoke-Free Inhaled Products & Chief Consumer Officer for PMI, speaks to camera:

This company has had the courage,

the visionary leadership,

to establish a new direction, to disrupt the category.

Text on screen reads:

It's why we've invested more than $10.5 billion to date

and employed over 1,500 scientists, engineers and R&D experts to develop our smoke-free products.

Michael Voegele, Chief Digital and Information Officer for PMI, speaks to camera:

I think it’s a unique challenge, being part of a team that revolutionizes the industry.

Text on screen reads:

It's our ambition that within the next two years, more than 50 percent of our net revenue will come from smoke-free products.

Jacek Olczak continues speaking:

The big aspirations address the problem of smoking,

going smoke-free,

over 50 percent of revenues coming from this product.

This is very ambitious and that calls for a progress.

Marian Salzman, Senior Vice President, Global Communications for Philip Morris International, speaks to camera:

We’ve said yes to people when they want to ask us questions.

We’ve told them the truth when they’ve posed the questions.

Text on screen reads:

With the right regulatory encouragement and support from civil society

we believe many countries can end cigarette sales within 10 to 15 years.

Jacek Olczak continues speaking:

If you compare it to many other industries

which also were going for some transformation driven by the product,

nobody is coming that close, as we are.

Text on screen reads:

Innovation, science and technology drive our transformation,

helping us deliver a better, smoke-free future.

Philip Morris International logo appears.

Text on screen reads:

It's always better to quit tobacco and nicotine altogether, but those who don't, deserve access to and accurate information about better alternatives to cigarettes.

Music ends.



Discover Jacek Olczak’s vision for a smoke-free future

We’ve fundamentally transformed our business to deliver a smoke-free future. And this is a future I remain focused on achieving as quickly as possible.

Jacek Olczak, Chief Executive Officer, Philip Morris International

10 facts about Philip Morris International

Unless otherwise stated, figures are as of December 31, 2022





Smoke-free markets





Shipment volume

* Figure includes Vectura Fertin Pharma, and Swedish Match.

Our views and standards

We’ve set out a bold vision for PMI, but it is critical that both our own employees and any third-party suppliers and partners we work with respect our views and standards in the pursuit of that goal.

Read more


Philip Morris International’s history stretches back to the 19th century, but now—as a science and technology company delivering innovative products—we are accelerating toward a smoke-free future.

Read more

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.
Read more

Inclusion and diversity

It is crucial to our transformation that we attract and retain a diverse community of innovators who can help deliver our smoke-free vision.