Incyte appoints William J. Meury as President and CEO; Hervé Hoppenot retires

INCYTE CORP

Hervé Hoppenot retired as President & CEO effective June 26, 2025; will serve as special advisor for up to one year.
William J. Meury appointed President & CEO effective June 26, 2025; also joins the Board.
Meury receives base salary of $1.25M, target bonus 100%, and equity awards including sign-on PSUs with stock price hurdles.
Julian C. Baker, Lead Independent Director, assumes role of Chairman of the Board.
Board amends 2024 Inducement Stock Incentive Plan to increase authorized shares from 1M to 2M.

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