Viatris Exec Chairman Coury to step down; stays as Emeritus through 2025 with $15M/yr fee

Viatris Inc

Robert Coury transitions to Chairman Emeritus & Senior Strategic Advisor after 2023 annual meeting (mid-Dec).
Coury will not stand for re-election; ceases as director/officer/employee at meeting conclusion.
Coury receives $15 million annual consulting fee for 2024-2025, paid monthly.
Board will select new independent chair; announcement expected in coming months.
Leo Groothuis appointed independent director, filling vacancy from Michael Goettler's departure.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Leo Groothuis

Independent Director

VTRS · Viatris Inc

Effective: 2023-05-19
Filed: May 22, 2023, 7:59 PM ET

On May 19, 2023, the Board appointed Leo Groothuis as an independent (as defined in the applicable NASDAQ listing rules) member of the Board, effective immediately.

Departed

Robert J. Coury

Executive Chairman

VTRS · Viatris Inc

Filed: May 22, 2023, 7:59 PM ET

As a result of Mr. Coury’s agreement to serve in this advisory role, the independent members of the Board and Mr. Coury agreed that Mr. Coury will not stand for re-election at the 2023 Annual Meeting and will cease to be a director and to serve as an officer and employee of the Company effective as of the conclusion of the 2023 Annual Meeting.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Leo Groothuis was appointed as Independent Director at Viatris Inc.

Action: appointed
Role: Independent Director

Exact text from the filing

On May 19, 2023, the Board appointed Leo Groothuis as an independent (as defined in the applicable NASDAQ listing rules) member of the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert J. Coury changed role as Executive Chairman at Viatris Inc.

Action: transitioned
Role: Executive Chairman

Exact text from the filing

As a result of Mr. Coury’s agreement to serve in this advisory role, the independent members of the Board and Mr. Coury agreed that Mr. Coury will not stand for re-election at the 2023 Annual Meeting and will cease to be a director and to serve as an officer and employee of the Company effective as of the conclusion of the 2023 Annual Meeting.

View on SEC.gov

Viatris Inc filing history →

Source: SEC EDGAR

accession 0001193125-23-149905

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