Philip Morris Products S.A. Salary Increase Letter to Stefano Volpetti (Effective April 1, 2023)

Contract Categories: Human Resources › Compensation Agreements
Summary

Philip Morris Products S.A. confirms in this letter to Mr. Stefano Volpetti that, effective April 1, 2023, his annual base salary will increase to CHF 950,001, with a monthly salary of CHF 73,077. This represents a 5.55% raise. All other terms of his employment remain unchanged. The letter is signed by company representatives and serves as an official notice of the salary adjustment.

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EX-10.2 3 pm-ex102_063023xq2.htm EX-10.2 Document
Exhibit 10.2


PERSONAL AND CONFIDENTIAL



To: Mr. Stefano Volpetti                         Lausanne, March 31, 2023



Dear Stefano,

We are pleased to confirm that effective April 1, 2023, your base salary will be increased to
CHF 950’001.-- annually, CHF 73’077.-- monthly. This represents a 5.55% increase and the comparatio at your current grade 25 will be 104%.

All other conditions relating to your employment with Philip Morris Products S.A. remain as stated in your employment contract and in any subsequent amendments.




Yours sincerely,


PHILIP MORRIS PRODUCTS S.A.




/s/ CONSTANTIN ROMANOV
/s/ RALF ZYSK
Constantin Romanov
Global Head of Total Rewards
Ralf Zysk
Global Head of Labor Relations


Philip Morris Products S.A., Avenue de Rhodanie 50, 1007 Lausanne, Switzerland
T:+41 (58) 242 00 00, F: +41 (58) 242 01 01