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February 26, 1987

Philip Morris Cos., the New York-based tobacco and food conglomerate, announced a management restructuring involving several executives.

R. William Murray, the president and chief executive of the Philip Morris International unit, will become vice chairman of the parent company. Murray will be responsible for the company's worldwide tobacco operations.

Geoffrey Bible, the executive vice president of Philip Morris International, was appointed to replace Murray as president and chief executive of that unit. Bible and Frank Resnik, the president and chief executive of Philip Morris U.S.A., will both report to Murray.

Philip L. Smith, the president and chief excecutive of subsidiary General Foods Corp., will continue in that post and will also become a vice chairman of the parent company.

The management changes, effective April 1, reflect the nearly complete restructuring of Philip Morris started in 1985.

John A. Murphy, president of the company, will continue to be responsible for Miller Brewing Co. and Mission Viejo Realty Group Inc. Additionally, he will assume responsibility for Philip Morris Credit Corp. and all other financial and legal activities of the company.

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