Philip Morris International Inc. is reorganizing its geographic regions and executive ranks—including naming a new chief financial officer—in efforts to propel the company’s shift away from cigarettes. The tobacco company has previously announced plans to focus on what it calls “smoke-free” products and less on cigarettes amid volume declines. Several major tobacco companies have sought to roll out new, electronic tobacco-heating devices that they say are healthier alternatives to traditional smoking, but feel more like...

Source: Wall Street Journal September 28, 2017 14:37 UTC