Philip Morris Int'l CEO Camilleri to step down

RICHMOND, Va. (AP) ? Philip Morris International, which sells Marlboro and other cigarette brands overseas, says its C-E-O will step down and be replaced by the man who led it before it became an independent company.

Philip Morris International Inc. says its current chief operating officer, Andre Calantzopoulos, will become C-E-O immediately after the company's annual shareholder meeting on May 8. He also was nominated for election to the board.

The current C-E-O, Louis Camilleri, will step down but remain in his current job of chairman.

The 55-year-old Calantzopoulos has served as Philip Morris International's C-O-O since the company spin off from Altria Group Inc. in 2008. He joined the company in 1985 and served as its C-E-O of the international unit from 2002 until the spinoff.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-13-Philip%20Morris%20International-CEO/id-fa9294b3c2174da294c20f4f1ed86af0

Olympics 2012 Olympic Schedule 2012 NBC Olympics NBC Olympics schedule 2012 Olympics Chad Everett London Olympics