Jacek Olczak is the CEO of Philip Morris International (PM), stepping into the role in May 2021. He's got over 25 years under his belt at PM, working his way up from Managing Director in markets like Poland and Germany,...

Current Market Cap

$201.41B

Number of Employees

82.7K

Total Compensation

2021 - 2023

Trending up by 20.24% last year
Showing total compensation for the last 2021 - 2023

Stock

Up by 0.00% last year

Salary

Up by 12.88% last year

Bonus

Down by -53.54% last year

Other

Up by 196.87% last year

Year

2023

Total Compensation

$13.49M

Salary

$1.65M

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value, focusing on long-term growth and sustainability.

Bonus

$4.53M

Board Justification

Annual performance-based variable cash award for meeting or exceeding performance goals pre-established by the Committee, paid in February 2024.

Other

$18.60K

Board Justification

Includes car expenses and tax preparation services.

Restricted Stock

$7.29M(72.28K RSU)

Board Justification

Stock awards that vested in 2023, based on performance metrics achieved during the performance cycle.

Performance Metrics

Performance metrics include adjusted diluted EPS growth, smoke-free product shipment volume, and adjusted net revenues.

SEC Filing

From March 28, 2024

Jacek Olczak

CEO of Philip Morris International

P

Education

Master's degree in Economics from the University of Lodz

Field of Expertise

Finance & Banking - Finance

Born

April 1, 1965 - 59 years ago

Is Founder?

No

Current Tenure

3 years 6 months (May 2021 - Present)

Previous Experience

Various roles at Philip Morris International Inc.

View Holdings

Insider Holdings of Jacek Olczak

PM

$60.09M

$23.79M (65.53%)

Last Insider Trade

PM

$2.26M

PM at $90.27/share

Feb 21, 2024

Sale