Chief Executive Officer & Director, Philip Morris International
Search every verified Jacek Olczak interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a CNBC interview following the company's quarterly earnings report, Jacek Olczak described demand for Philip Morris International's smoke-free products as "very strong," noting that the company's largest brand is now its heat-not-burn proposition. He addressed slowing shipment growth for ZYN nicotine pouches, attributing the 4% figure to unfavorable comparisons with the prior year and stating that the underlying category growth remains in "strong double digits." Olczak also cited recent FDA authorizations as enabling the company to double its nicotine pouch offerings, which he said would require investment in awareness campaigns. Regarding the broader business environment, Olczak warned that input prices and cost pressures from inflation could worsen in the fourth quarter due to the ongoing war in Iran, which he said could lower the company's full-year growth rate by about one percentage point. He described the global situation as full of "choppy waters," mentioning oil prices, inflation, and the impact of events in France on the euro exchange rate. He stated that the company is prepared and has a high degree of resilience and agility despite these challenges.
CNBC’s “Squawk on the Street” team is joined by Philip Morris Group CEO Jacek Olczak to discuss the company's latest earnings results and why it is warning of an "increasing effect" on business from the Iran war.
Philip Morris International CEO Jacek Olczak discusses the triumphs and challenges of a bold business transformation with Jean-François Manzoni. 0:00 Introduction 2:17 PMI becomes a stand-alone company 3:57 PMI commits to a smoke-free future 10:25 Managing the transformation 13:41 Today, PMI manages three distinct business units 16:42 Zoom on smoke-free products 20:21 Traditional cigarette business: playing defense 24:49 More on smoke-free products 28:00 On IQOS in particular 30:43 Developing a completely different business: beyond nicotine 36:28 Ever feel unfairly treated? 37:57 Out of the t…
Jacek Olczak, Philip Morris CEO, joins CNBC's 'Money Movers' to discuss the company's latest earnings.
A top Wall Street strategist discusses A.I. and stock valuations. And Big Tobacco talks smokefree profits. SUBSCRIBE ...
Philip Morris International CEO Jacek Olczak said Tuesday that he is pleased by the company's performance in the second ...
Jacek Olczak, Philip Morris International CEO, joins 'Money Movers' to discuss q2 earnings and smoke-free products.
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PMI CEO Jacek Olczak sits down with Semafor's Editor-in-Chief Ben Smith at the 2025 World Economy Summit.
BBC business reporter David Waddell interviews the PMI CEO Jacek Olczak who derides campaigners and governments who ...
PMI CEO Jacek Olczak from Semafor's World Economy Summit Studio, answering the question "How do you balance resilience ...
“Philip Morris operates in 160 markets but smoke-free products only in 100; we are not in the remaining 60 markets for one fundamental reason: the cigarettes are being allowed by the legislation while the smoke-free products are being banned.”
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