Appointment Letter for Stefano Volpetti as President Smoke-Free Products Category and Chief Consumer Officer at Philip Morris Products S.A.

Contract Categories: Human Resources › Employment Agreements
Summary

This letter confirms the appointment of Stefano Volpetti as President Smoke-Free Products Category and Chief Consumer Officer at Philip Morris Products S.A., effective April 1, 2025. He will report to the CEO, Jacek Olczak. All other terms of his employment remain unchanged as per his existing contract and any amendments. The letter is signed by company representatives and acknowledged by Mr. Volpetti.

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EX-10.3 3 pm-ex103_033125xq1.htm EX-10.3 Document
Exhibit 10.3



PERSONAL AND CONFIDENTIAL


To: Stefano Volpetti                        Lausanne, February 27, 2025


Dear Stefano,

We are pleased to confirm your appointment, effective April 1, 2025, to the position of President Smoke-Free Products Category and Chief Consumer Officer, reporting to Mr. Jacek Olczak, Chief Executive Officer PMI.

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.

We would like to take this opportunity to wish you continued success and satisfaction.


Yours sincerely,

PHILIP MORRIS PRODUCTS S.A.






/s/ CONSTANTIN ROMANOV/s/ ANNA NOWAK
Constantin Romanov
Vice President Total Rewards
Anna Nowak
Director Executive Compensation






Read and approved:
/s/ STEFANO VOLPETTI
Date:
24/3/2025

(Stefano Volpetti)



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