Baxter CEO Almeida retires; Brent Shafer appointed interim CEO; Heather Knight named COO

BAXTER INTERNATIONAL INC

José Almeida retired as CEO/Chair effective Feb 3, 2025; will serve as Special Advisor through Oct 31, 2025.
Brent Shafer (former Cerner CEO, Baxter director since 2022) appointed interim CEO and Chair; Board seeks permanent CEO.
Heather Knight named EVP and COO; previously led Medical Products & Therapies segment; reports to interim CEO.
Q4/FY2024 results expected in line with prior continuing ops guidance; earnings call scheduled for Feb 20, 2025.
2025 objectives: 4–5% operational sales growth and ~16.5% adjusted operating margin; tariffs impact not yet included.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Brent Shafer

Interim Chief Executive Officer and Chair

BAX · BAXTER INTERNATIONAL INC

Effective: 2025-02-03
Filed: February 3, 2025, 6:59 PM ET

the Board appointed Brent Shafer as interim CEO of the Company and Chair of the Board

Appointed

Nancy Schlichting

Lead Independent Director

BAX · BAXTER INTERNATIONAL INC

Effective: 2025-02-03
Filed: February 3, 2025, 6:59 PM ET

Nancy Schlichting was appointed Lead Independent Director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Shafer was appointed as Interim Chief Executive Officer and Chair at BAXTER INTERNATIONAL INC.

Action: appointed
Role: Interim Chief Executive Officer and Chair

Exact text from the filing

the Board appointed Brent Shafer as interim CEO of the Company and Chair of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nancy Schlichting was appointed as Lead Independent Director at BAXTER INTERNATIONAL INC.

Action: appointed
Role: Lead Independent Director

Exact text from the filing

Nancy Schlichting was appointed Lead Independent Director

View on SEC.gov

BAXTER INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001193125-25-018871

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