2024-02-21 14:27:04 ET
Philip Morris International Inc. (PM)
Consumer Analyst Group of New York (CAGNY) Conference
February 21, 2024 10:00 AM ET
Company Participants
Jacek Olczak - Chief Executive Officer
Emmanuel Babeau - Chief Financial Officer
Stacy Kennedy - President of Americas & CEO of PMI U.S.
Stefano Volpetti - President, Smoke-Free Inhaled Products & Chief Consumer Officer
Conference Call Participants
Bonnie Herzog - Goldman Sachs
Presentation
Bonnie Herzog
And thanks again for joining us today. So it's my pleasure to welcome Philip Morris International back to CAGNY this year, and we have Jacek Olczak, Chief Executive Officer joining us, Emmanuel Babeau, Chief Financial Officer; Stacy Kennedy, who's the President of Americas and CEO of PMI U.S. business, and then Stefano Volpetti, President, Smoke-Free Inhaled Products and Chief Consumer Officer.
So please join me in thanking Philip Morris for their continued support for the conference including their sponsorship of tonight's dinner.
Now it's been an exciting time for Philip Morris as the company continues to make strong progress on its smoke-free transformation with over 35% of its revenues now coming from reduced risk products despite a challenging consumer and geopolitical environment, PMs, twin engines of growth, IQOS and ZYN continue to gain traction, fueled by the enormous compounding effect of new user acquisition, strong innovation and a powerful digital marketing model that really does continue to set Philip Morris apart from their peers.
With that, I'm going to turn it over to Jacek, so we can hear more about their efforts....
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Philip Morris International Inc. (PM) Consumer Analyst Group of New York (CAGNY) Conference (Transcript)