EX-10.25 5 dex1025.htm AMENDMENT TO EMPLOYMENT AGREEMENT WITH HERMANN WALDEMER Amendment to Employment Agreement with Hermann Waldemer

Exhibit 10.25





To: Hermann WALDEMER

  Lausanne, April 4, 2008

Dear Hermann,

We are pleased to confirm your appointment, effective as of April 1, 2008, to the position of Chief Financial Officer, reporting to Mr Louis Camilleri, Chairman and Chief Executive Officer, Philip Morris International Inc. Your annual base salary is being increased


from CHF

  908’570.-- p.a.

to CHF


Your new annual base salary also includes the merit increase.

Your salary Band has been changed and is now B.

Following the change in Band and salary, your new Position in Range will be now 16%.

Please note that your salary will next be reviewed on April 1, 2009.

All other conditions relating to your employment with Philip Morris International Management S.A. remain as stated in your letter of employment issued at the time of the engagement and, if applicable, in any subsequent amendments.

We take this opportunity of wishing you continued success and satisfaction.


   Yours sincerely,
   Peter-Paul Adriaansen

Director HR Decision Support & Business

Partner Switzerland

Copy : L. Camilleri

ref: cc


Philip Morris International Management S.A.


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