Philip Morris International CEO André Calantzopoulos' 2019 pay jumps 39% to $22M
Philip Morris International reports 2019 executive compensation
By ExecPay News
Published: March 26, 2020
Philip Morris International reported fiscal year 2019 executive compensation information on March 26, 2020.
In 2019, five executives at Philip Morris International received on average a compensation package of $11M, a 50% increase compared to previous year.
Average pay of disclosed executives at Philip Morris International
André Calantzopoulos, Chief Executive Officer, received $22M in total, which increased by 39% compared to 2018. 44% of Calantzopoulos' compensation, or $9.8M, was in stock awards. Calantzopoulos also received $5.3M of change in pension value and nonqualified deferred compensation earnings, $5.5M in non-equity incentive plan, $1.5M in salary, as well as $52K in other compensation.
Jacek Olczak, Chief Operating Officer, received a compensation package of $12M, which increased by 99% compared to previous year. 42% of the compensation package, or $5.1M, was of change in pension value and nonqualified deferred compensation earnings.
Miroslaw Zielinski, Chief New Ventures Officer, earned $8.1M in 2019, a 52% increase compared to previous year.
Marc Firestone, General Counsel, received $7.4M in 2019, which increases by 18% compared to 2018.
Martin King, Chief Financial Officer, earned $6.6M in 2019, a 72% increase compared to previous year.
Related executives
André Calantzopoulos
Philip Morris International
Chairman
Marc Firestone
Philip Morris International
General Counsel
Martin King
Philip Morris International
Chief Executive Officer
Jacek Olczak
Philip Morris International
Chief Executive Officer
Miroslaw Zielinski
Philip Morris International
Retired Chief New Ventures Officer
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Source: SEC filing on March 26, 2020.