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Philip Morris International Inc. (PMI) Holds 2016 Annual Meeting of Shareholders

Philip Morris International Inc. (nyse / euronext paris:PM) held its 2016 Annual Meeting of Shareholders today. Louis C. Camilleri, Chairman of the Board, addressed shareholders and answered questions. André Calantzopoulos, Chief Executive Officer, gave the business presentation, which included an overview of PMI’s strong momentum, the exciting progress of its Reduced-Risk Product,iQOS, and its commitment to returning cash to shareholders.

“2015 was an excellent year for PMI, despite the significant drag on our reported results stemming from the sharp appreciation of the U.S. dollar. Our performance was underpinned by an improving cigarette industry volume trend and continued market share momentum,” said Mr. Calantzopoulos.

During his presentation, Mr. Calantzopoulos also discussed the company’s commitment to the principle of harm reduction: “We are mindful that RRPs are today uncharted territory for many regulators, but this should not be a reason for inaction. The faster public health authorities embrace the principle of harm reduction through RRPs, in conjunction with on-going...


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