Philip Morris (PM) Appoints Massimo Andolina as Group CFO

Philip Morris International Inc. (NYSE:PM) is one of the best low risk stocks to buy in 2026. On May 20, Philip Morris International appointed Massimo Andolina as Group Chief Financial Officer, effective August 1. He succeeds Emmanuel Babeau, who will transition to a Strategic Advisor role until March 31, 2027, to ensure a seamless transition. Group CEO Jacek Olczak praised Andolina’s leadership track record and thanked Babeau for his six years of contributions to the company’s financial growth.

Andolina joined PMI in 2008 and has held multiple senior operational and strategic roles, including Senior Vice President of Global Operations from 2018 to 2023. Most recently, as President of the Europe Region since 2023, he managed the group’s largest and most advanced smoke-free geography, delivering strong top- and bottom-line growth alongside increased financial discipline. He holds a Master of Science in Mechanical and Industrial Engineering and an MBA from IMD.

Outgoing CFO Emmanuel Babeau, who joined Philip Morris International in May 2020, oversaw a notable period of transformation, including the 2022 acquisition of Swedish Match. His tenure helped drive a significant expansion of the company’s smoke-free portfolio, which grew to account for 43% of Philip Morris International Inc.’s (NYSE:PM) net revenues in  Q1 2026.

Philip Morris International Inc. (NYSE:PM) operates as a global tobacco company. Its products include cigarettes and smoke-free alternatives. Its smoke-free business also covers wellness and healthcare products, along with consumer accessories such as lighters and matches.

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