October 01, 2014 2:31 PM ET

Tobacco

Company Overview of Philip Morris USA Inc.

Company Overview

Philip Morris USA Inc. manufactures and markets cigarettes and smokeless tobacco products. The company markets its products under Marlboro, Parliament, Virginia Slims, Basic, L&M, and Marlboro Snus brands. Philip Morris USA Inc. was formerly known as Philip Morris Domestic and changed its name to Philip Morris USA Inc. in January, 1968. The company was founded in 1967 and is based in Richmond, Virginia. Philip Morris USA Inc. operates as a subsidiary of Altria Group Inc.

6601 West Broad Street

Richmond, VA 23230-1701

United States

Founded in 1967

Phone:

804-274-2000

Fax:

804-484-8231

Key Executives for Philip Morris USA Inc.

Chief Executive Officer and President
Age: 43
Senior Vice President of Smokeable Manufacturing
Vice President and General Manager of Marlboro
Compensation as of Fiscal Year 2014.

Philip Morris USA Inc. Key Developments

Illinois Supreme Court Grants Review of the Price Case Against Philip Morris USA

The Illinois Supreme Court granted review in the Price case to decide whether its 2005 dismissal of that case against Philip Morris USA (PM USA) should remain in place. In April, an intermediate state appellate court overturned a decade-old decision of the Illinois Supreme Court dismissing the Price case. The appellate court further held that, as a result of the case being reopened, the original judgment should be reinstated. That decision remains stayed while on appeal. In 2003, a Madison Circuit Court judge sitting without a jury found that PM USA had deceived Illinois smokers in purchasing Marlboro Lights and Cambridge Lights cigarettes and imposed a $10.1 billion judgment. In 2005, the Illinois Supreme Court reversed the judgment in favor of PM USA.

Philip Morris USA to Build $50 Million Warehouse in Virginia

Philip Morris USA announced plans to build a $50 million facility to store tobacco leaves near its headquarters outside of Richmond.

Philip Morris USA Remains Committed to Defending Engle Cases Following U.S. Supreme Court Decision

The United States Supreme Court in the Douglas case denied a request from Philip Morris USA (PM USA) and other tobacco companies to review the constitutionality of the trial structure being used in the Engle progeny cases in Florida. The Engle progeny cases stem from a 2006 Florida Supreme Court decision that decertified a class action but allowed former class members to file individual lawsuits and rely on general findings from the first class action. The case is Douglas v. Philip Morris USA et al.

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