Philip Morris International Management SA Lateral Move and Compensation Adjustment Letter to Jacek Olczak

Contract Categories: Human Resources › Employment Agreements
Summary

Philip Morris International Management SA confirms a change in Jacek Olczak's employment terms, effective January 1, 2018. Mr. Olczak will assume the position of Chief Operating Officer with an annual gross base salary of CHF 1,020,006. All other employment conditions remain unchanged. This letter serves as formal notice of the new role and compensation.

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EX-10.1 2 a01012018olczakjacek.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1


PERSONAL AND CONFIDENTIAL



To: Mr. Jacek OLCZAK                                   Lausanne, December 7, 2017

Subject: Lateral Move


Dear Jacek,

We confirm that effective January 1, 2018, the following conditions of your employment will be modified according to the information detailed below:

Position: Chief Operating Officer
Gross Base Salary: CHF 1’020’006.-- annually, CHF 78’462.-- monthly
Comparatio: 100%


All other conditions relating to your employment with Philip Morris International Management SA 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 INTERNATIONAL
MANAGEMENT SA
/s/ RALF ZYSK
Ralf Zysk
Vice President Compensation & Benefits
and International Assignments PMI