Yours sincerely,

EX-10.23 3 dex1023.htm AMENDMENT TO EMPLOYMENT AGREEMENT WITH ANDRE CALANTZOPOULOS Amendment to Employment Agreement with Andre Calantzopoulos

Exhibit 10.23

PERSONAL AND CONFIDENTIAL


To: André CALANTZOPOULOS		Lausanne, April 4, 2008

Dear André,

We are pleased to confirm your appointment, effective as of April 1, 2008, to the position of Chief Operating Officer, reporting to Mr Louis Camilleri, Chairman and Chief Executive Officer, Philip Morris International Inc. Your annual base salary is being increased


from CHF		1’250’080.--p.a.
to CHF		1’320’000.--p.a.

Your new annual base salary also includes the merit increase.

Your salary Band, which is B, remains at its present level.

Following the change in salary, your new Position in Range will be now 40%.

Please note that your salary will next be reviewed on April 1, 2009.

All other conditions relating to your employment with Philip Morris International Management S.A. remain as stated in your letter of employment issued at the time of the engagement and, if applicable, in any subsequent amendments.

We take this opportunity of wishing you continued success and satisfaction.


		Yours sincerely,

		/S/ PETER-PAUL ADRIAANSEN

		Peter-Paul Adriaansen
		Director HR Decision Support & Business Partner Switzerland

Copy : L. Camilleri

ref: cc

Philip Morris International Management S.A.

AVENUE DE RHODANIE 50 - CASE POSTALE 1171 - 1001 LAUSANNE - SWITZERLAND - TELEPHONE : +41 58 242 00 00 - TELEFAX: +41 58 242 01 01