By Stephen NakrosisPhilip Morris International Inc. said Friday it would change its regional structure by rearranging operations into four regions, down from the current six. As part of the new structure, the company named four members of senior management to oversee each of the newly structured regions. Paul Riley, currently president, East Asia & Australia, would be appointed president of East Asia, Australia and the PMI Duty Free region. Massimo Andolina, the company's senior vice president, operations, would be appointed president, Europe, the company said. Meanwhile, Drago Azinovic, who currently serves as president, Middle East and Africa and PMI Duty Free region, would exit the company after a transition period, Philip Morris said.

Source: Wall Street Journal November 26, 2022 07:13 UTC