Former Pfizer Managers Distance Themselves from Activist Involvement

  • Former Pfizer managers support the current management and distance themselves from Starboard Value.
  • The clarification from Ian Read and Frank D'Amelio is intended to end speculation about their involvement.

Eulerpool News·

The former executives of pharmaceutical giant Pfizer, Ian Read and Frank D'Amelio, have announced that they will not participate in Starboard Value's activist campaign against the company. This statement was released on their behalf late Wednesday evening. Ian Read, the former CEO of Pfizer, and Frank D'Amelio, the former CFO, emphasized their full support for the current CEO Albert Bourla, as well as the company's top management and board of directors. Their clear stance underscores confidence in the current leadership team, its strategic direction, and long-term corporate goals. This clarification is likely to quash any speculation about the possible involvement of the two former top executives in Starboard Value's criticism.
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