Philip Morris Products S.A. Salary Increase Letter for Jacek Olczak (March 2022)

Contract Categories: Human Resources › Compensation Agreements
Summary

Philip Morris Products S.A. confirms a salary increase for Jacek Olczak, effective March 1, 2022, raising his annual base salary to CHF 1,400,000. All other terms of his employment remain unchanged. This letter serves as formal notice of the salary adjustment and does not alter any other employment conditions previously agreed upon.

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EX-10.8 7 pm-ex108_033122xq1.htm EX-10.8 Document
Exhibit 10.8


PERSONAL AND CONFIDENTIAL


To: Mr. Jacek Olczak                         
Lausanne, March 1, 2022




Dear Jacek,

We are pleased to confirm that effective March 1, 2022, your base salary is increased to CHF 1’400’000.-- annually, CHF 107’692.-- monthly. This represents a 3.7% increase.


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





Yours sincerely,
PHILIP MORRIS PRODUCTS S.A.
/s/ CHARLES BENDOTTI
Charles Bendotti
Global Head of People & Culture

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