Louis C. Camilleri is a notable figure in the tobacco industry, having led Philip Morris International Inc. for many years. He was the CEO from 2008 until 2013 and served as Chairman until 2020. During his time as CEO, he...

Louis C. Camilleri is a notable figure in the tobacco industry, having led Philip Morris International Inc. for many years. He was the CEO from 2008 until 2013 and served as Chairman until 2020. During his time as CEO, he helped the company adapt to big changes, emphasizing that executive pay should match how well the company does. His pay peaked in 2010 at over $221 million, mainly due to his effective leadership and robust company performance, which shows how much he was aligned with shareholder interests. Even after stepping down as CEO, he maintained significant influence within PMI and continued to receive substantial stock awards, underlining his lasting impact on the company's direction.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Philip Morris International CEOs

P

Louis C. Camilleri

Ex-CEO of Philip Morris International

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

August 15, 1955 - 69 years ago

CEO of Philip Morris International for

5 years 1 month (Mar 2008 - May 2013)

Previous Experience

Various roles at Philip Morris Companies Inc. and Altria Group, Inc.

Rivals

Competitors/colleagues of Louis C. Camilleri

A

William F. Gifford, Jr.

CEO of Altria Group

2023 Compensation

Stock

$2.04M

Salary

$1.35M

Bonus

$2.73M

Other

$228.07K

Total Holdings

$36.47M

Holdings

See how much did Louis C. Camilleri make over time.

As of 2024, Louis C. Camilleri holds 336,608 shares of Philip Morris stock valued at over $42 million. He has consistently maintained a large position in the company, demonstrating his confidence in its future. His wealth in company stocks peaked...

As of 2024, Louis C. Camilleri holds 336,608 shares of Philip Morris stock valued at over $42 million. He has consistently maintained a large position in the company, demonstrating his confidence in its future. His wealth in company stocks peaked during his CEO tenure, particularly notable during their excellent performance years. Camilleri also had a special agreement to use company aircraft extensively for travel, which reflects both his stature and the responsibilities he held even after leaving the CEO role.

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Total Stock Sold

$106.40M

PM

$106.40M

1,197,814 PM shares

What if they kept their stock?

If Louis C. Camilleri didn't sell their stock, today they would have:
Extra PM1,197,814 shares worth $86.29M.
This is -18.9% and $20.11M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Louis C. Camilleri.

PM

$5.83M

PM at $77.73/share

Aug 20, 2020

Sale

PM

$175.04K

PM at $71.04/share

May 6, 2020

Received

PM

$2.65M

PM at $88.33/share

Feb 12, 2020

Sale

PM

$175.07K

PM at $86.41/share

May 1, 2019

Received

PM

$5.85M

PM at $83.54/share

Apr 24, 2019

Sale

PM

$5.17M

PM at $86.98/share

Nov 29, 2018

Sale

PM

$8.21M

PM at $82.13/share

May 9, 2018

Sale

PM

$175.06K

PM at $81.88/share

May 9, 2018

Received

PM

$11.81M

PM at $108.38/share

Oct 24, 2017

Sale

PM

$1.25M

PM at $110.41/share

May 3, 2017

Received

Compensation History

See how much did Louis C. Camilleri make over time.

In 2013, Louis C. Camilleri's total compensation was about $17.6 million, which included a base salary of around $1.26 million, a bonus of $1.5 million, and a vested stock value of about $20.1 million. His pay decreased after his role changed from CEO to Chairman, reflecting his reduced management responsibilities but still keeping a strong link to long-term performance through equity compensation. Before stepping down in 2013, he achieved a peak compensation of over $221 million in 2010, illustrating how well he aligned his financial incentives with the company’s success. His compensation markedly shifted as PMI aimed to attract and retain top executives while aligning their interests with those of the shareholders.

Year

2013

Total Compensation

$23.17M

Salary

$1.26M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests.

Bonus

$1.50M

Board Justification

The total annual incentive compensation award was based on performance ratings during his tenure as CEO before stepping down on May 8, 2013.

Other

$293.56K

Board Justification

Other compensation includes contributions to defined contribution plans, personal use of company aircraft, and other benefits.

Restricted Stock

$20.11M(222.44K common stock)

Board Justification

The stock that vested in 2013 was based on previous equity awards granted, reflecting his performance as CEO.

Performance Metrics

The performance metrics for determining compensation included company performance ratings and individual performance assessments.

Other Philip Morris International CEOs

Here are other CEOs of Philip Morris International

André Calantzopoulos

Ex-CEO of Philip Morris International

May 2013 - May 2021