In September 2017, the tobacco company announced that King would take on the role as Chief Financial Officer, effective 1 January 2018.
Long Standing Career in the Tobacco Industry
He has since held various leadership positions in the tobacco company, including:
- President Latin America and Canada Region (2014)
- Senior Vice President, Operations (2009)
- President Director PT HM Sampoerna Tbk, PMI’s subsidiary in Indonesia (2005)
Lobbying Indian Government over Foreign Investment Rules
In April 2016, the Indian government proposed to further limit foreign tobacco investment in India as a public health measure. This followed earlier restrictions taken by the government in 2010, which restricted foreign investments to technology collaboration and licensing agreements, and forming trading companies.
Martin King wrote to India’s Trade Minister in October 2016, labelling the proposed changes as “discriminatory” and “protectionist”, and threatening that it would lead to a review of PMI’s investments in India, “including tobacco crop purchases”. King continued to allege that the tobacco company spent US$ 460million on tobacco leaf in the past five years, and US$200,000 on Corporate Social Responsibility activities in the country.
- Philip Morris International, Our Leadership Team, undated, accessed October 2017
- Philip Morris International, Philip Morris International Inc. (PMI) Announces Senior Management Changes, Businesswire.com, 28 September 2017, accessed October 2017
- A. Kalra, Philip Morris jolted by Indian proposal to ban foreign tobacco investment, livemint.com, 16 January 2017, accessed October 2017