RICHMOND, Va. (AP) — Philip Morris International Inc. gave CEO Andre Calantzopoulos a pay package valued at about $10.9 million for fiscal 2013.
That’s according to an Associated Press analysis of data that the overseas Marlboro cigarette maker filed with regulators.
Calantzopoulos’ salary was nearly $1.6 million and he received a $2.7 million performance-based bonus. He also received stock awards valued at $6.6 million and other compensation worth more than $84,000.
The 56-year-old became CEO following the company’s annual shareholder meeting in May 2013.
Last year Philip Morris International’s profit fell 2.5 percent to $8.58 billion. Revenue excluding excise taxes fell less than 1 percent to $31.2 billion. Shipments fell 5 percent to 880.2 billion cigarettes.
The AP’s calculation counts salary, bonuses, perks and stock and options awarded to the executive during the year.
