Philip Morris International General Counsel Marc Firestone's 2020 pay jumps 222% to $24M
Philip Morris International reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
Philip Morris International reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, eight executives at Philip Morris International received on average a compensation package of $12M, a 6% increase compared to previous year.
Average pay of disclosed executives at Philip Morris International
Marc Firestone, General Counsel, received $24M in total, which increased by 222% compared to 2019. 66% of Firestone's compensation, or $16M, was of change in pension value and nonqualified deferred compensation earnings. Firestone also received $1.1M in non-equity incentive plan, $908K in salary, $3.3M in stock awards, as well as $2.9M in other compensation.
André Calantzopoulos, Chief Executive Officer, received a compensation package of $22M, which decreased by 1% compared to previous year. 55% of the compensation package, or $12M, was in stock awards.
Emmanuel Babeau, Chief Financial Officer, earned $12M in 2020.
Jacek Olczak, Chief Operating Officer, received $11M in 2020, which decreases by 9% compared to 2019.
Miroslaw Zielinski, Retired Chief New Ventures Officer, earned $7.1M in 2020, a 12% decrease compared to previous year.
Frederic de Wilde, President, European Union Region, received $6.6M in 2020.
Stefano Volpetti, Chief Consumer Officer, earned $6.5M in 2020.
Martin King, Chief Executive Officer, received $6.3M in 2020, which decreases by 5% compared to 2019.
Related executives
Stefano Volpetti
Philip Morris International
President Smoke-Free Products Category & Chief Consumer Officer
Marc Firestone
Philip Morris International
General Counsel
Miroslaw Zielinski
Philip Morris International
Retired Chief New Ventures Officer
André Calantzopoulos
Philip Morris International
Chairman
Jacek Olczak
Philip Morris International
Chief Executive Officer
Emmanuel Babeau
Philip Morris International
Chief Financial Officer
Martin King
Philip Morris International
Chief Executive Officer
Frederic de Wilde
Philip Morris International
President, European Union Region
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Source: SEC filing on March 25, 2021.