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Philip Morris International Inc. (NYSE: PM) conducted its 2024 Annual Meeting of Shareholders, featuring an address by Executive Chairman André Calantzopoulos and a business presentation by CEO Jacek Olczak. The company highlighted its strong performance in 2023, rapid progress in smoke-free products, excellent momentum in heat-not-burn and nicotine pouch categories, and continued dedication to sustainability and rewarding shareholders. PMI's strategy to transition into a smoke-free company has yielded significant growth, with smoke-free products contributing nearly 40% of total net revenues and over 40% of gross profit in Q4 2023. The meeting saw strong shareholder participation, with the election of 12 directors, approval of executive compensation, and ratification of auditors. PMI will release final voting results in a Form 8-K filing with the SEC. The webcast and presentation materials will be available on the company's website.
Philip Morris International Inc. presented at the Jefferies Virtual Reduced Risk Seminar, focusing on the science of smoke-free products and nicotine, as well as innovation in smoke-free products. PMI is actively working towards a smoke-free future and has invested in developing smoke-free products to replace cigarettes. The company acquired Swedish Match in 2022, expanding its product portfolio. PMI's smoke-free products were available in 84 markets by the end of 2023, with approximately 33 million adults using them. The smoke-free business accounted for about 37% of PMI's total revenues in 2023.
Philip Morris International Inc. (PMI) will present at the 2024 Jefferies Virtual Reduced Risk Seminar on May 7, 2024, showcasing their commitment to a smoke-free future. The company has invested significantly in developing innovative smoke-free products, with a portfolio that includes cigarettes and other alternatives. PMI's smoke-free products are authorized by the FDA and are available in 84 markets worldwide. In 2022, PMI acquired Swedish Match, a leader in oral nicotine delivery, further solidifying their position in the smoke-free market. With a strong focus on scientific research and expansion into wellness and healthcare, PMI aims to enhance life through health experiences.
Philip Morris International Inc. (PMI) will host a live webcast of its 2024 Annual Meeting of Shareholders on May 8, 2024, accessible at www.virtualshareholdermeeting.com/PM2024. The company is actively working towards a smoke-free future, investing in innovative smoke-free products. PMI acquired Swedish Match in 2022, expanding its presence in oral nicotine delivery. The smoke-free business accounted for 37% of PMI's total revenue in 2023.