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Philip Morris International Inc. Holds 2021 Virtual Annual Meeting of Shareholders: Appoints André Calantzopoulos as Executive Chairman of the Board and Jacek Olczak as Chief Executive Officer


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Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) is pleased to announce that Jacek Olczak was appointed Chief Executive Officer following the company s 2021 Annual Shareholders Meeting earlier today. Mr. Olczak-most recently the company s Chief Operating Officer-was also elected to the Board of Directors. André Calantzopoulos, who served as PMI s Chief Executive Officer from 2013, was appointed Executive Chairman of the Board prior to the meeting. Mr. Lucio Noto stepped down from his role as interim Chairman of the Board and was reelected to the Board of Directors. The appointments follow the announcement of PMI s leadership transition in December 2020. When determined, PMI will announce the name of the Lead Independent Director on its website. ....

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Ferrari faces new leadership crisis after CEO abruptly resigns


Firm has to find a new leader just 30 months after Camilleri succeeded Sergio Marchionne
Published: 
December 14, 2020 18:48
Bloomberg
During his stint as CEO, Camilleri oversaw the transformation of Ferrari into a fully-fledged luxury brand. He revamped Ferrari s lineup so it could keep boosting prices.
Image Credit: AFP
Ferrari has started to search for a new chief executive officer to resolve its second leadership crisis in as many years after Louis Camilleri abruptly resigned, complicating the Italian supercar maker s transition toward electric mobility.
Ferrari has scheduled a board meeting next week to discuss the replacement process, according to people familiar with the matter. Chairman John Elkann will for now take the role on an interim basis. He has to find a new leader just 30 months after picking Camilleri to succeed Sergio Marchionne, who died in July 2018 from complications ....

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Ferrari faces new leadership crisis as CEO abruptly resigns


Ferrari is facing its second leadership crisis in as many years after Chief Executive Officer Louis Camilleri abruptly resigned, complicating the Italian supercar maker s transition towards electric mobility.
Chairman John Elkann will take the role on an interim basis. He has to find a new leader just 30 months after picking Camilleri to succeed Sergio Marchionne, who died in July 2018 from complications after a surgery.
Camilleri, 65, is leaving after he had to be hospitalised for covid-19. He s recovering at home and the infection wasn t the main reason for his exit, a company spokesman said, without elaborating. Camilleri also stepped down as chairman of Philip Morris International Inc. ....

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