Fortrea names Anshul Thakral as permanent CEO effective August 4, 2025

Fortrea Holdings Inc.

Anshul Thakral appointed President and CEO, effective August 4, 2025; replaces interim CEO Peter Neupert who remains chairman.
Thakral has over 20 years experience in CRO, pharma, and biotech; Co-founder/CEO of Launch Therapeutics since 2022.
Offer letter includes $1.1M base salary, 150% target bonus, and inducement equity grants of ~$12.5M (RSUs+PSAs) tied to performance.
Thakral also appointed Class III director; his term expires at 2026 annual meeting.
Severance plan amended to include CEO; equity grants outside 2023 Omnibus Incentive Plan (Nasdaq inducement exception).

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Peter M. Neupert

Interim Chief Executive Officer

FTRE · Fortrea Holdings Inc.

Effective: 2025-08-04
Successor: Anshul Thakral
Filed: June 11, 2025, 7:59 PM ET

Mr. Thakral will replace Peter M. Neupert, who has served as Interim Chief Executive Officer since May 13, 2025, although Mr. Neupert will continue to serve as a director of the Company and Chairman of the Board.

Appointed

Anshul Thakral

Class III Director

FTRE · Fortrea Holdings Inc.

Effective: 2025-08-04
Filed: June 11, 2025, 7:59 PM ET

the Board also appointed Mr. Thakral as a Class III director, effective as of the Effective Date

Appointed

Anshul Thakral

President and Chief Executive Officer

FTRE · Fortrea Holdings Inc.

Effective: 2025-08-04
Filed: June 11, 2025, 7:59 PM ET

the Board of Directors of the Company (the “Board”) has appointed Anshul Thakral as President and Chief Executive Officer of the Company, effective upon his start date with the Company on August 4, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Peter M. Neupert departed as Interim Chief Executive Officer at Fortrea Holdings Inc..

Action: replaced
Role: Interim Chief Executive Officer

Exact text from the filing

Mr. Thakral will replace Peter M. Neupert, who has served as Interim Chief Executive Officer since May 13, 2025, although Mr. Neupert will continue to serve as a director of the Company and Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Anshul Thakral was appointed as Class III Director at Fortrea Holdings Inc..

Action: appointed
Role: Class III Director

Exact text from the filing

the Board also appointed Mr. Thakral as a Class III director, effective as of the Effective Date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Anshul Thakral was appointed as President and Chief Executive Officer at Fortrea Holdings Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors of the Company (the “Board”) has appointed Anshul Thakral as President and Chief Executive Officer of the Company, effective upon his start date with the Company on August 4, 2025

View on SEC.gov

Fortrea Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-139161

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