NEW YORK–(Enterprise WIRE)– Pfizer Inc. (NYSE: PFE) now announced that David M. Denton will be a part of the Firm as Chief Financial Officer (CFO) and Government Vice President productive May perhaps 2, 2022. Mr. Denton will be a member of Pfizer’s Govt Leadership Team reporting to Chairman and Main Government Officer, Albert Bourla. He joins Pfizer from Lowe’s Organizations, Inc. in which he served as CFO and Government Vice President. Mr. Denton succeeds Frank D’Amelio, CFO and Govt Vice President, who recently announced his intention to leave Pfizer right after a notable 15-calendar year profession. Mr. D’Amelio has agreed to keep on being in position by way of a transition time period.
Mr. Denton has additional than 25 decades of finance and operational skills, such as far more than 20 yrs in the health care sector. As a end result, he provides to Pfizer a special standpoint on the purpose of payers, the desires of patients, and the swiftly evolving healthcare landscape.
At Pfizer, Mr. Denton will be a essential considered associate to the Company’s CEO and Executive Management Crew whilst overseeing each and every aspect of the Company’s monetary administration. He will be accountable for all corporate finance functions, which includes audit, treasury, tax, insurance coverage, operations preparing and examination (OP&A), company controllership, and small business finance and analytics.
“Our Company’s ongoing financial strength is essential to Pfizer’s capability to supply on our purpose and to develop lengthy-phrase worth for all our stakeholders,” reported Albert Bourla, Chairman and Chief Govt Officer, Pfizer. “Dave brings with him deep fiscal knowledge, a observe report of accomplishment and true insights into today’s health care program. For these motives, he is the ideal leader to just take the helm of our talented finance business and provide a thorough strategic economical vision that will enable push Pfizer’s long term progress and success.”
Bourla continued, “My honest thanks to Frank D’Amelio for his several and long lasting contributions to Pfizer, including mentoring so lots of of Pfizer’s existing outstanding leaders and bettering the life of so several individuals all-around the entire world.”
“We are living at a time of unprecedented scientific improvement and Pfizer is a company that is unparalleled in its ambition to make a variation in patients’ life. For me, there could be no skilled opportunity larger than leveraging all my several years of finance and organization working experience to enjoy a position in helping supply on this aspiration, performing alongside a significant-doing group that has been designed for expansion and maximizing shareholder returns,” mentioned David Denton.
Prior to becoming a member of Lowe’s in 2018, Mr. Denton served as Govt Vice President and CFO of CVS Overall health, exactly where he was liable for all facets of their financial scheduling and administration. He played a critical position in CVS’s transformational journey from a retail pharmacy to the overall health answers business it is now and led the entire integration of Caremark into CVS. In December 2017, Mr. Denton performed a pivotal role in CVS’s acquisition of Aetna, structuring and negotiating the terms and financing for the transaction.
Just before getting to be CFO at CVS, Mr. Denton held numerous leadership roles, together with senior vice president and controller/chief accounting officer. Prior to CVS, he was with the administration consulting firm of Deloitte Touche Tohmatsu.
He attained a bachelor’s diploma in business enterprise administration from Kansas Point out College, United states and an MBA from the Babcock Graduate College of Administration at Wake Forest University, United states. He serves on the board of Tapestry, Inc.
About Pfizer: Breakthroughs That Improve Patients’ Life
At Pfizer, we apply science and our world wide means to bring therapies to folks that increase and significantly enhance their life. We attempt to established the normal for high quality, basic safety and benefit in the discovery, development and manufacture of wellness care items, together with ground breaking medicines and vaccines. Each and every day, Pfizer colleagues function across produced and rising marketplaces to advance wellness, prevention, treatment options and cures that problem the most feared ailments of our time. Constant with our responsibility as one particular of the world’s leading impressive biopharmaceutical organizations, we collaborate with wellness treatment companies, governments and nearby communities to assistance and develop access to reliable, inexpensive health and fitness care all over the globe. For more than 170 years, we have worked to make a difference for all who depend on us. We routinely publish information and facts that may be critical to buyers on our web-site at www.Pfizer.com. In addition, to discover additional, please visit us on www.Pfizer.com and observe us on Twitter at @Pfizer and @Pfizer Information, LinkedIn, YouTube and like us on Facebook at Fb.com/Pfizer.
Disclosure Discover:The facts contained in this release is as of April 11, 2022. The Corporation assumes no obligation to update ahead-wanting statements contained in this launch as a final result of new details or long run gatherings or developments.
This launch is made up of forward-wanting details about, amid other matters, the Company’s value generation and expansion opportunity that are subject to sizeable threats and uncertainties that could induce genuine outcomes to differ materially from those people expressed or implied by this kind of statements. Dangers and uncertainties include things like, amongst other matters, the uncertainties inherent in investigation and improvement the uncertainties inherent in organization and economic planning, such as, without the need of limitation, threats related to Pfizer’s business enterprise and prospective clients, adverse developments in Pfizer’s marketplaces, or adverse developments in the U.S. or global funds marketplaces, credit history markets, regulatory setting or economies commonly the affect of COVID-19 on our enterprise, functions and economical final results and competitive developments.
A even more description of challenges and uncertainties can be identified in Pfizer’s Yearly Report on Kind 10-K for the fiscal calendar year finished December 31, 2021 and in its subsequent experiences on Form 10-Q, which include
in the sections thereof captioned “Risk Factors” and “Forward-Wanting Information and Components That May perhaps Have an impact on Foreseeable future Results”, as very well as in its subsequent stories on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and readily available at www.sec.gov and www.pfizer.com.
Category: Management
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Source: Pfizer Inc.