Philip Morris International
As a leading international company producing top cigarette brands, the need for the effective and professional management of international FX and finance risks at Philip Morris International cannot be overstated. In this text, I concern myself with the individual tasked with the international financial management of the firm, his background and the approach he uses in the management of foreign risks.
Waldemer, Hermann
As Philip Morris International's C.F.O., Hermann Waldemer is the individual squarely in charge of all the financial and FX transactions at the cigarette firm. Though he joined the company (before its spin off from the Altria Group) back in 1987, it was not until 2008 that Mr. Waldemer assumed the role of C.F.O. Over the years, Mr. Waldemer has held a number of positions at Philip Morris including acting as head of the company's divisions in Germany and France. It can however be noted that his skills for the current assignment were further sharpened with his appointment as the firm's Western Europe President...
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