DAVID FABER: Is that going to be hindered in part because of the concern, now, about vaping and, perhaps, even simply because people are concerned about these replacement products overall. This site uses Akismet to reduce spam.

ANDRE CALANTZOPOULOS: Look, I think sometimes there is a little bit of confusion amongst shareholders in general, about all of these new categories.

DAVID FABER: And do you believe – I mean, you mentioned earlier, your goal is to ultimately replace tobacco. Carl, back to you. Let’s start off with the deal talks.

The following is the unofficial transcript of a CNBC EXCLUSIVE interview with Philip Morris International CEO Andre Calantzopoulos and CNBC’s David Faber on CNBC’s “Squawk on the Street” (M-F 9AM – 11AM) today, Thursday, September 26th. Speaking at the Concordia Annual Summit, Philip Morris International Inc's CEO Andre Calantzopoulos asserted that over 11.2 million people had already switched to the company's main smoke-free product CEO Club Briefing. And there are many ways to continue our collaboration. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Not only strict regulations of flavors but it requires age limits, access control of retail, technology to do that, technology in the devices and education. You believe that? The Concordia Annual Summit, brings together leaders from the world of business, politics, and NGOs, for a dialogue. He also currently sits on the company’s Board of Directors. However, it is interesting to note that Calantzopoulos is forward-thinking, so much so that he has voiced his support for what he calls a smokeless world. And heated tobacco products have the same.

Let’s do this.’ Wouldn’t that be the right thing? Thank you. These things take time and a lot of investment to do. He has been described by Louis C. Camilleri as having “an intellect, many, many cannot reach…He has a capacity for work, which is unbelievable. How well do you know these Netflix shows? ANDRE CALANTZOPOULOS: Well, the talks have ended. Grew Up in Pyrgos. ANDRE CALANTZOPOULOS: Shareholders, of course, have their own opinions. He called for science to be protected from politicization and highlighted the importance of developing open dialogues based on factual scientific objectivity. The 5 Best Breitling Tourbillon Chronograph Watches. Why shouldn’t Juul say, ‘Full stop. Since then he has worked in a variety of high executive positions at the firm – throughout central Europe – including: Managing Director of PM Poland, General Manager of Philip Morris Finland, Area Director of Central Europe, Area Director of Hungary & Central Europe South and President of the Eastern European Region. Bella Hadid 'secretly dating Jack Nicholson's grandson Duke', Pluto’s mountains are topped with frozen methane, not water ice, Pope Francis keeps his distance at audience over COVID concerns, 'Momentous' errors in ski resort Covid outbreak, Apple unveils first iPhones with 5G wireless, Troops, helicopters hunt for survivors after deadly Vietnam landslides, Astronomers Solve Mystery of a Galaxy Containing 99.99% Dark Matter, Norway says Russia behind cyberattack against its parliament, Uber Eats in Italy under investigation for alleged exploitation of migrant workers, Man gets Covid twice with second hit 'more severe', Trade body says EU can sanction $4B worth of US goods, West focuses on religion in first campaign video. Currently, there is a serious debate about the use of e-cigarettes, with some arguing that their use is less harmful than cigarettes and others arguing that their use encourages people to take up smoking because of the perceived reduction in risk. Something that most of them aren’t going to do. DAVID FABER: Alright.

ANDRE CALANTZOPOULOS: Well, I think, if people – if the companies do things right – and I think we did the right thing. Three years later he was promoted to President of the whole company. And that requires quite a lot of action. jo.id = 'FJVoiceFeed'; But the recommendations they issue make sense. It is a very emotional issue, as you know, because it involves using by teenagers and vaping. First of all, it is deeply concerning that people die, irrespective of the reason. Prior to this sale, the CEO of PMI sold 30,000 shares for $2.8 million, an average of $93.15 each on Feb 12, 2013. ANDRE CALANTZOPOULOS: Because we’re spending time much more closely, you align on many things. Because pre-market the products will be reviewed and then post-market, they will be very strictly followed by the FDA. Problem with Cigarettes. This is in the U.S., and this is what’s happening international.

And I think the FDA has the best process in the world. But I think, the companies can do it. All tobacco-containing product, including nicotine products, are regulated by the FDA.

Let’s put these people—not politics—at the centre of policymaking”. DAVID FABER: Right, and that’s the iQOS -- we should make it clear.

DAVID FABER: People were talking to me about the ability to bring together the two organizations, invest more in R&D, innovation, using what is a window that is open now, as a real opportunity.

And I think that’s wrong.

So, I think we have to let the authorities conduct their investigation. Which is understandable because the category is new. In addition, he is on the American European Community Association (AECA) advisory board.

I think coming out of these discussions, we’re better aligned on many things, because we --. British cigarette maker to start human trials soon, He, however, cautioned that "political agendas and ideology are slowing progress and keeping millions of people uninformed.". It is interesting to note that Calantzopoulos has expressed optimism about the Greek economy in the past. For proof, look no further than Philip Morris, which is said by Soulati Media to have doubled its earnings in each decade since Calantzopoulos started out as an analyst. And I think that’s still a very good collaboration. Read More, Get the entire 10-part series on Ray Dalio in PDF. Is the market for new and replacement tobacco products going to be in flux, if not, not doing particularly well for some time? On May 8, 2013, Calantzopoulos became Chief Executive Officer.

Did your shareholder base fail to fully appreciate why you wanted to do it? And obviously, as the new categories emerge, and consumers and smokers move from cigarettes to this alternative, that hopefully they will be proven to be better, we will have a decline in cigarettes. Since that time, Calantzopoulos has taken on a number of senior management positions, rising higher and higher over time. And I think we are very well positioned to succeed in the category because we are the leader in this category. DAVID FABER: Do you think they failed to understand the strategic rationale for the deal? This might sound rather curious, but Calantzopoulos has stated his belief in a future without smoking. As I said, we need to focus now, on getting the products through the process of the FDA, because there is a lot of emotion and a lot of overreaction sometimes, and address the youth use of nicotine. We respect your privacy. CALANTZOPOULOS: It's combustion that is the problem—and combustion is the problem in tobacco. Now, I understand that anytime there is transition in industry, shareholders are worried and sometimes over worried. Now, forecasting exactly how this is going to happen with high precision is a bit difficult today. CNBC exclusive: CNBC transcript: Philip Morris International Inc. (NYSE:PM) CEO Andre Calantzopoulos speaks with CNBC’s David Faber today, WHEN: Today, Thursday, September 26, 2019, Glen Kacher, the Founder & CIO of Light Street Capital, was one of the keynote speakers at this year's Sohn San Francisco Investment Conference. document.getElementsByTagName('head')[0].appendChild(jo); DAVID FABER: We’ve got people dying from vaping. ANDRE CALANTZOPOULOS: But we should not be conflating vaping in general. If we take the example of Japan, for example. Now, I think the process is ongoing.

And I think we have enough ability, even without the merger, to further both portfolios of companies and create shareholder value for both companies. But also, take into consideration the millions of Americans today, that use a vapor product and, you know, be careful that what is going to happen to these people, if we have a blanket elimination or ban of the product. iPhone 11 Pro Max’s battery life pitted against Note 10+, Mate 30 Pro, Summers Bests Reich In “Redistribute The Wealth” Debate, P&G Shareholders Call For “Diversity Disclosure”, Global Investors Respond To Climate Change Issues. Speaking at the Concordia Annual Summit, which brings together leaders from the world of business, politics, and NGOs, for a dialogue, Calantzopoulos expressed that "a future in which cigarettes are obsolete is within reach" adding that "with right regulatory encouragement and support from civil society, we believe cigarette sales can end within 10 to 15 years in many countries.

Okay? ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing. Announced yesterday, from Juul, that has been a little bit at the center of the discussion.

And focus, instead, on the forthcoming iQOS--.

They were officially concluded as of at least yesterday. However, who is going to be the winner and the loser is what shareholders are worried about. His current status for PMI shares is 695,370, less than 1 percent stake in the company. Philip Morris isn’t Calantzopoulos’ first employer. For example, he was responsible for overseeing various national operations at various times.

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