Philip Morris International (PMI) CEO Jacek Olczak revealed a new structure for the company’s operations in the Americas including the appointment of Deepak Mishra as president of the Americas regions, effective July 1, 2021. Mishra will be replacing Martin King, who served as CEO of PMI and was with the company for more than 30 years, and will retire on Aug. 31, 2021.
In a press release, Olczak commented: “I am thrilled to name Deepak Mishra, one of our top business leaders, to one of the most important roles for the future of our company. In less than three years with PMI, he has been instrumental in shaping our long-term strategy and bringing it to life through strategic partnerships and investments. Deepak brings to the role deep expertise in mergers and acquisitions, a likely component of our beyond nicotine strategy. He is both a visionary and a pragmatist, and I have high expectations for—and full confidence in—what he will accomplish in his new role.”
Mishra’s career began in marketing at Procter & Gamble in 1996 and was followed by four years spent at Accenture’s strategy practice in India and Eastern Europe. Before joining PMI, Mishra served as managing director, portfolio operations at Centerbridge Partners LP, a private equity firm. From 2014, Mishra led commercial, operational and digital transformations in investments in consumer services, renewable energy, and distribution sectors for the firm. Before Centerbridge, Mishra was a partner at McKinsey & Company in London. There he was a member of the consumer goods, retail and operations leadership teams from 2001 to 2014 and supported clients in the consumer goods, retail, and private equity industries on commercial and operational transformations. Before his recent promotion, Mishra served as chief executive officer at PMI.