STAMFORD, Conn. — Tobacco company Philip Morris will relocate its corporate headquarters from New York City to southwest Connecticut, bringing 200 jobs, officials said Tuesday.
The company said in a news release that the move was facilitated by the office of Gov. Ned Lamont, a Democrat, and the new headquarters is expected to open by next summer.
"Connecticut offers a valuable mix of technological know-how, future-forward thinking, and an open-minded approach to problem-solving," said Jacek Olczak, CEO of Philip Morris International. "We consider it an ideal location for our new U.S. head office, where we will be working to more quickly achieve our vision of a smoke-free future."
The company also has offices in Switzerland and employs more than 71,000 people around the world.
Philip Morris, the maker of Marlboro cigarettes, has been shifting to non-combustible products that it says are not free of health risks but offer an alternative to continued smoking. It aims to be a majority smoke-free company in terms of net revenues by the end of 2025.
WASHINGTON — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.
FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
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