Philip Morris International Announces Stamford Central Business District as Location of New Headquarters

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Opening slated for summer 2022 will bring some 200 jobs to Connecticut and a state-of-the-art innovation hub, among other benefits for the state

NEW YORK – (BUSINESS WIRE) – Philip Morris International (PMI) (NYSE: PM) today announced that its new headquarters will be located in the heart of Stamford, Connecticut, and is expected to open in summer 2022 The move is a notable part of PMI’s transformation to a smoke-free business and, with the support of Governor Ned Lamont (D) and company management, will initially create around 200 jobs to help fuel economic growth. state continues. The total economic impact of these jobs is expected to be around $ 50 million in 2022.

“Connecticut’s position as a leader in innovation and forward thinking, coupled with a commitment to open-minded civic discourse, allows us to foster an even stronger corporate culture. PMI will continue to attract an educated workforce, becoming an integral part of the local community and a source of pride for the state, ”said Deepak Mishra, President of the Americas region at PMI.

“We are moving rapidly towards our smoke-free future,” continued Mishra, “and our new base in Connecticut is more than just an office building – it will be a complete campus with a state-of-the-art innovation facility that will help accelerate our transformation. State officials recognize that PMI is a company with a new purpose and a bright future. We are proud to be able to call Connecticut home. ”

The new 71,484 square foot head office will be located at 677 Washington Boulevard in the heart of the Stamford CBD, a short walk from the Stamford Transportation Center and the I-95 entrance, making it easy accessible. The office will open as headquarters for the PMI Americas region and other corporate functions. PMI’s operations center will remain in Lausanne, Switzerland, to continue supporting the business around the world. The company employs more than 71,000 people worldwide.

“PMI’s decision to locate its headquarters in downtown Stamford confirms that our economic recovery in Connecticut is in full swing, and we continue to experience significant growth in one of our fastest growing cities. fast, ”Governor Ned Lamont said. “We look forward to a long and successful relationship with PMI and it is clear that they are focused on maintaining a strong partnership with the State of Connecticut for the foreseeable future.”

The Connecticut location will provide employees with a better range of transportation and living options in the wake of the paradigm shift caused by COVID-19. The head office will be aligned with PMI’s science and technology-driven transformation, using cutting-edge innovation to accommodate remote working and ensure employees have an inspiring and comfortable workplace.

“We are delighted that our new location offers employees and their families a wide range of living options, from suburban Fairfield County to rural Litchfield County, while also having the benefits of easy access. to the New York metropolitan area. More encouraging are the pioneering and community-minded population, an excellent school system and health facilities, as well as plenty of green and recreational spaces, ”said Charles Bendotti, senior vice president of people and culture at PMI.

PMI will take possession on March 1, 2022, with the goal of having the office operational by mid to late summer 2022.

PMI is widely recognized as a premier employer and leader in gender equity, fair compensation, and environmental, social and corporate governance (ESG) measures. Recognitions include:

– The first international company to obtain EQUAL-SALARY global certification

– Included in the 2021 Bloomberg Gender Equality Index

– Certified Global Top Employer for five consecutive years by the Top Employers Institute

– Ranked on CDP’s A list for climate change for seven consecutive years

– Included in the Dow Jones Sustainability Index North America

– Obtaining a “triple A” rating from the CDP in 2020 for efforts to combat climate change and protect forests and water security

Since 2016, PMI has undergone a major business transformation, moving away from cigarettes and other combustible tobacco products in favor of smoke-free alternatives which, while not without risk, are scientifically proven to be a better choice than to continue to smoke. PMI is committed to a smoke-free future, and its non-combustible products already represented nearly 30% of net sales in the third quarter of 2021. Building on this progress, the company has accelerated its ambitions, now aiming to be majority smoking. free company in terms of net turnover at the end of 2025.

The potential impact on public health of PMI’s scientifically proven smoke-free products is increasingly recognized by governments and public health authorities. For example, in the United States, the Food and Drug Administration (FDA) has issued marketing authorizations for IQOS, PMI’s electronically heated tobacco system. In July 2020, the FDA cleared the IQOS 2.4 as a modified risk tobacco product (MRTP), concluding that the issuance of exposure modification orders for the system is “appropriate to promote public health” and “is believed to benefit human health. population as a whole ”. The agency is currently conducting a scientific review of the company’s MRTP application for the IQOS 3 system, which was cleared for sale in the United States in December 2020.

Globally, as of September 30, 2021, an estimated 14.9 million adults have passed IQOS and quit smoking.

Note to editor:

In the United States, Altria Group, Inc. holds a marketing license IQOS.

Philip Morris International: Providing a Smoke-Free Future

Philip Morris International (PMI) is leading a transformation of the tobacco industry to create a smoke-free future and ultimately replace cigarettes with smokeless products for the benefit of adults who would otherwise continue to smoke, the company, the company, its shareholders , and other stakeholders. PMI is a leading international tobacco company engaged in the manufacture and sale of cigarettes, as well as smokeless products, related electronic devices and accessories, and other nicotine-containing products in markets outside the United States. IQOS Platform 1 device and consumables have received marketing authorizations from the United States Food and Drug Administration (FDA) through the Pre-Market Tobacco Product Application (PMTA) process ; the FDA has also cleared a version of IQOS and its consumables as a modified risk tobacco product (MRTP), believing that an exposure modification order for these products is appropriate to promote public health. PMI is building a future on a new category of smoke-free products which, while not without risk, are a much better choice than continuing to smoke. Through multidisciplinary capabilities in product development, state-of-the-art facilities and scientific rationale, PMI aims to ensure that its smoke-free products meet the preferences of adult consumers and meet stringent regulatory requirements. PMI’s smoke-free product portfolio includes products that do not burn, vapor products containing nicotine, and oral nicotine products. As of September 30, 2021, PMI’s smoke-free products are available for sale in 70 markets in key cities or nationwide, and PMI estimates that approximately 14.9 million adults worldwide have already switched to IQOS and quit smoking. For more information, please visit www.pmi.com and www.pmiscience.com.

Philip Morris International

Corey Henri

[email protected]

(202) 679-7296

Source: Philip Morris International

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