• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
HealthPhilip Morris International

CEO of tobacco giant Philip Morris calls for ban on cigarettes within decade

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
July 26, 2021, 1:18 PM ET

Jacek Olczak, CEO of tobacco giant Philip Morris International, is turning his back on the company’s most profitable product.

In an interview with the Daily Mail, Olczak said the U.K. Government should ban cigarettes in the next 10 years, adding “the sooner it happens, the better it is for everyone.”

Saying the company could “see a world without cigarettes,” Olczak said Philip Morris’ focus these days was on smoke-free alternatives. The company earlier this month announced plans to buy British pharmaceutical company Vectura Group for $1.2 billion—an announcement that was met with opposition by some lawmakers as well as anti-smoking groups.

The move could mean an end to the flagship Marlboro brand in England.

“The first choice for consumers is they should quit smoking,” he said. “But if they don’t, the second best choice is to let them switch to the better alternatives.”

Olczak’s statement isn’t exactly out of the blue. The British government has already unveiled a road map to make the country “smoke free” by 2030.

Philip Morris is hardly abandoning the lucrative smoking market. The company is instead promotion e-cigarettes and similar devices, which do not produce second-hand smoke, one of the many big concerns about traditional cigarettes.

Philip Morris International does not sell or market combustible cigarettes in the U.S. Altria, a separate company following a 2008 corporate spin, markets Marlboro (and other brands) in the U.S.

Subscribe to Coins2Day Daily to get essential business stories straight to your inbox each morning.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Coins2Day, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.