Philip Morris International Chairman André Calantzopoulos' 2021 pay falls 30% to $15M
Philip Morris International reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Philip Morris International reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, eight executives at Philip Morris International received on average a compensation package of $7.3M, a 38% decrease compared to previous year.
Average pay of disclosed executives at Philip Morris International
André Calantzopoulos, Chairman, received $15M in total, which decreased by 30% compared to 2020. 80% of Calantzopoulos' compensation, or $12M, was in stock awards. Calantzopoulos also received $1.7M in non-equity incentive plan, $1.3M in salary, as well as $23K in other compensation.
Jacek Olczak, Chief Executive Officer, received a compensation package of $11M, which decreased by 4% compared to previous year. 45% of the compensation package, or $4.7M, was in stock awards.
Emmanuel Babeau, Chief Financial Officer, earned $9M in 2021, a 24% decrease compared to previous year.
Jorge Insuasty, Chief Life Sciences Officer, received $5.3M in 2021.
Martin King, Chief Executive Officer, earned $4.8M in 2021, a 24% decrease compared to previous year.
Frederic de Wilde, President, European Union Region, received $4.6M in 2021, which decreases by 30% compared to 2020.
Stefano Volpetti, President Smoke-Free Products Category & Chief Consumer Officer, earned $4.6M in 2021, a 30% decrease compared to previous year.
Drago Azinovic, President, Middle East & Africa Region and PMI Duty Free, received $4.3M in 2021.
Related executives
André Calantzopoulos
Philip Morris International
Chairman
Jacek Olczak
Philip Morris International
Chief Executive Officer
Emmanuel Babeau
Philip Morris International
Chief Financial Officer
Drago Azinovic
Philip Morris International
President, Middle East & Africa Region and PMI Duty Free
Frederic de Wilde
Philip Morris International
President, European Union Region
Stefano Volpetti
Philip Morris International
President Smoke-Free Products Category & Chief Consumer Officer
Jorge Insuasty
Philip Morris International
Chief Life Sciences Officer
Martin King
Philip Morris International
Chief Executive Officer
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Source: SEC filing on March 24, 2022.