Jacek Olczak
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Jacek Olczak (born 23 January 1965) is a Polish businessman and the
chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
(CEO) of
Philip Morris International Philip Morris International Inc. (PMI) is a multinational tobacco company, with products sold in over 180 countries. Marlboro is PMI’s most recognized brand, but in the last quarter of 2023, Iqos generated the greatest revenue. Philip Mor ...
, the largest publicly traded
tobacco company The tobacco industry comprises those persons and companies who are engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. It is a global industry; tobacco can grow in any ...
in the world. He is the first Pole to take the chair of a global company.


Early life

He earned a graduate degree in economics from the
University of Łódź The University of Łódź (, ) is a public research university founded in 1945 in Łódź, Poland, as a continuation of three higher education institutions functioning in Łódź in the interwar period — the Teacher Training Institute (192 ...
in Poland.


Career

Olczak began his career at BDO in London and Warsaw. In 1993, he joined the finance department of the Polish branch of the Philip Morris group, then in 1995 he joined the
internal control Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broa ...
s team in
Lausanne Lausanne ( , ; ; ) is the capital and largest List of towns in Switzerland, city of the Swiss French-speaking Cantons of Switzerland, canton of Vaud, in Switzerland. It is a hilly city situated on the shores of Lake Geneva, about halfway bet ...
, Switzerland. In 1996, he became the director of sales for Philip Morris Polska, then took up the same role at the Romanian branch of the company from 1999. Over the years that followed, he held leadership or management positions for operations in several central European divisions, notably in the
Baltics The Baltic states or the Baltic countries is a geopolitical term encompassing Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern co ...
, in Hungary (whose supervisory board he became a member of in 2006), as well as in Germany and Austria (which he joined the leadership of in 2006). In 2009, he was appointed as president for the
European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...
market region at Philip Morris International. He then became the group
chief financial officer A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, ...
(CFO) in 2012, then the
chief operating officer A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization (i.e. personnel, resources, and logistics). COOs are usually second-in-command immediately after the C ...
(COO) in 2018. In December 2020, the company announced the retirement of executive chairman Louis Camilleri, to be replaced by outgoing CEO André Calantzopoulos. Olczak became CEO at the following shareholders' meeting in May 2021. As the CFO of Philip Morris International, his total salary averaged around US$7 million annually between 2012 and 2018, reaching 11 million as COO in 2020. Olczak lives near Lausanne and has four children.


References

{{DEFAULTSORT:Olczak, Jacek 1965 births Living people Polish chief executives Philip Morris International Businesspeople in the tobacco industry Chief executives in the manufacturing industry