The world's largest consumer packaged goods firm, US tobacco to food conglomerate Philip Morris Companies, has announced the senior management team that it says will guide its future growth under the leadership of Louis C. Camilleri, president and CEO designate.

"These individuals will lead Philip Morris into a new generation of outstanding opportunity," said Geoffrey C. Bible, current chairman and CEO, who will retire as chairman on 31 August: "The strength of our senior management team has been a hallmark of Philip Morris for decades, and this announcement continues that tradition."

Camilleri added: "The leadership team announced today positions us to seize upon the vast growth opportunities that Philip Morris Companies Inc. faces in the years ahead.

"Individually and as a team, they are exceptionally well prepared to grow our brands and businesses, develop our talented global workforce and guide us as a socially responsible corporation."

The following appointments, to be effective following the Annual Meeting of Stockholders on 25 April 2002, were announced:

Tobacco

Michael E. Szymanczyk is appointed chairman, Philip Morris USA. He was formerly President and CEO of Philip Morris USA. In his new position, Szymanczyk will focus on the long-term strategies that will sustain Philip Morris USA's growth, with a particular concentration on plans to develop, introduce and market reduced-risk cigarettes.

John R. Nelson is appointed president and CEO, Philip Morris USA, reporting to Szymanczyk. He was formerly president and CEO of Philip Morris International Inc. In his role role, he will work to extend the company's track record of consistent market share and income growth, while continuing to enhance its social responsibility programs. Nelson will relocate to New York.

Andre Calantzopoulos is appointed president and CEO, Philip Morris Int. He was formerly president of the Eastern Europe region for Philip Morris Int. Calantzopoulos is a proven executive who brings to his new responsibilities a wealth of experience gained from more than 17 years of success with Philip Morris Int.

Food and beer

Betsy D. Holden will continue in her current position as co-CEO, Kraft Foods Inc. and president and CEO of Kraft Foods North America. So too will Roger K. Deromedi, co-CEO of Kraft Foods and president and CEO of Kraft Foods Int, and John D. Bowlin, president and CEO of Miller Brewing Company.

Corporate

Dinyar S. Devitre is appointed senior VP and CFO, Philip Morris Cos. He rejoins Philip Morris after serving in a senior management assignment with Citigroup in Europe. Before joining Citigroup, he served in a variety of assignments with extensive experience spanning 27 years at Philip Morris, including the successful leadership of Philip Morris International's tobacco business in Japan.

Nancy J. De Lisi is appointed senior VP, M&A, Philip Morris Cos, a new position reporting to Camilleri. She will drive the company's global acquisition strategy as exemplified by her recent role in the acquisition of Nabisco and the Initial Public Offering of Kraft Foods Inc. She was formerly VP, finance and treasurer, Philip Morris Cos.

Amy J. Engel is appointed VP and treasurer, Philip Morris Cos, reporting to Devitre. She was formerly MD, global risk management, Philip Morris Management Corp.

The following individuals will continue in their current corporate positions; Steven C. Parrish, senior VP, corporate affairs; David I. Greenberg, senior VP and chief compliance officer; Charles R. Wall, senior VP and general counsel; G. Penn Holsenbeck, VP, associate general counsel and corporate secretary; and Timothy A. Sompolski, senior VP, human resources and administration.

The Corporate Management Committee, which sets strategic direction and goals for the corporation and its operating companies, will be comprised of Camilleri, Bowlin, Calantzopoulos, De Lisi, Deromedi, Devitre, Greenberg, Holden, Holsenbeck, Nelson, Parrish, Sompolski, Szymanczyk and Wall.

On 30 January 2002, the board of directors announced its intention to elect Louis C. Camilleri as president and CEO, effective 25 April 2002, following the Annual Meeting of Stockholders.