Former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio said Wednesday evening that they would step away from Starboard Value’s campaign at the struggling pharmaceutical giant, just days after news of the activist’s stake broke.

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Statement From Former Pfizer CEO Ian Read and Former Pfizer CFO Frank D'Amelio Regarding Starboard Value

The about face comes as the board grapples with the activist's efforts, and just days before Starboard's Jeff Smith was slated to meet with the CEO, sources said.

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Former Pfizer CEO, finance chief step back from Starboard's activist campaign

NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Guggenheim Securities, LLC is issuing a statement on behalf of former Pfizer CEO Ian Read and former Pfizer CFO Frank D'Amelio: We have decided not to be involved in the

Investing.com– Former   Pfizer   Inc (NYSE:) CEO Ian Read and former CFO Frank D’Amelio said on Wednesday evening that they will step back from activist investor Starboard Value’s campaign for changes at the pharmaceutical giant.  Read and D’Amelio said they were “fully supportive” of current Pfizer CEO Albert Bourla and the firm’s top management, and that they were confident in their ability to deliver “shareholder value.”  Their comments were …

Investing.com

Former Pfizer CEO, CFO step back from Starboard activist bid - Business Fast

Former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio announced on Wednesday evening that they would be withdrawing from Starboard Value’s activist campaign targeting the pharmaceutical giant. This decision comes just days after news of Starboard’s stake in Pfizer emerged. In a joint statement issued through an investment bank, Read and D’Amelio expressed their full […] The post Former Pfizer Executives Step Back from Starboard Value’s Campaign a…

CEOWORLD magazine

Former Pfizer Executives Step Back from Starboard Value's Campaign - CEOWORLD magazine

In this article 
PFE  Follow your favorite stocksCREATE FREE ACCOUNTIan Read, chairman and chief executive officer of Pfizer, speaks as President Donald Trump, left, listens during an announcement on a new pharmaceutical glass packaging initiative in the Roosevelt Room of the White House in Washington, D.C., July 20, 2017. Andrew Harrer | Bloomberg | Getty Images Former Pfizer CEO Ian Read and ex-CFO Frank D’Amelio said Wednesday evening that th…

Busines and Oil News

Former Pfizer CEO, finance chief step back from Starboard’s activist campaign – DG Verifications & Stats

Former Pfizer Inc CEO Ian Read and former CFO Frank D’Amelio said on Wednesday evening that they will step back from activist investor Starboard Value’s campaign for changes at the pharmaceutical giant. 
Read and D’Amelio said they were “fully supportive” of current Pfizer CEO Albert Bourla and the firm’s top management, and that they were confident in their ability to deliver “shareholder value.” 
Their comments were made in a joint statement i…

Former Pfizer CEO, finance chief step back from Starboard’s activist campaign

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