Cara Therapeutics appoints Christopher Posner as President and CEO; Derek Chalmers transitions to Senior Advisor

Tvardi Therapeutics, Inc.

Christopher Posner, former LEO Pharma US CEO and current Cara board member, becomes President and CEO effective Nov 9.
Derek Chalmers steps down as President, CEO, and director effective Nov 8; will serve as Senior Advisor through June 2022.
Posner receives $680K base salary, $400K signing bonus, equity awards (566K option shares, 142K RSUs).
Chalmers receives 12 months base salary, COBRA coverage, 2021 target bonus, and extended equity vesting.
KORSUVA injection (FDA-approved for pruritus in dialysis) to launch; oral KORSUVA for atopic dermatitis advanced.

item 5.02 item 7.01 item 9.01

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Appointed

Christopher Posner

President and CEO

TVRD · Tvardi Therapeutics, Inc.

Effective: 2021-11-09
Filed: November 3, 2021, 7:59 PM ET

the appointment of Christopher Posner, age 52, a current non-employee director of the Company, to serve as President and CEO of the Company, effective November 9, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Posner was appointed as President and CEO at Tvardi Therapeutics, Inc..

Action: appointed
Role: President and CEO

Exact text from the filing

the appointment of Christopher Posner, age 52, a current non-employee director of the Company, to serve as President and CEO of the Company, effective November 9, 2021.

View on SEC.gov

Tvardi Therapeutics, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-133381

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