NEW YORK–(Organization WIRE)–
Pfizer Inc. (NYSE: PFE) these days introduced that David M. Denton will sign up for the Organization as Main Money Officer (CFO) and Government Vice President successful May perhaps 2, 2022. Mr. Denton will be a member of Pfizer’s Government Leadership Workforce reporting to Chairman and Chief Executive Officer, Albert Bourla. He joins Pfizer from Lowe’s Businesses, Inc. where he served as CFO and Executive Vice President. Mr. Denton succeeds Frank D’Amelio, CFO and Executive Vice President, who just lately introduced his intention to go away Pfizer after a noteworthy 15-calendar year profession. Mr. D’Amelio has agreed to continue to be in spot through a changeover period.
Mr. Denton has far more than 25 decades of finance and operational experience, together with a lot more than 20 several years in the health care sector. As a final result, he brings to Pfizer a one of a kind standpoint on the position of payers, the requires of sufferers, and the swiftly evolving healthcare landscape.
At Pfizer, Mr. Denton will be a important assumed associate to the Company’s CEO and Govt Leadership Team whilst overseeing each individual part of the Company’s economic management. He will be dependable for all company finance features, including audit, treasury, tax, insurance plan, functions arranging and examination (OP&A), company controllership, and enterprise finance and analytics.
“Our Company’s ongoing monetary power is essential to Pfizer’s capacity to deliver on our purpose and to generate very long-time period benefit for all our stakeholders,” claimed Albert Bourla, Chairman and Main Govt Officer, Pfizer. “Dave delivers with him deep fiscal practical experience, a track file of achievement and real insights into today’s healthcare method. For these motives, he is the ideal chief to just take the helm of our proficient finance corporation and supply a detailed strategic economical eyesight that will support generate Pfizer’s upcoming growth and accomplishment.”
Bourla continued, “My sincere many thanks to Frank D’Amelio for his quite a few and lasting contributions to Pfizer, like mentoring so numerous of Pfizer’s current excellent leaders and increasing the lives of so many individuals all-around the earth.”
“We are living at a time of unparalleled scientific advancement and Pfizer is a organization that is unparalleled in its ambition to make a big difference in patients’ life. For me, there could be no professional possibility better than leveraging all my years of finance and business experience to play a job in encouraging supply on this aspiration, performing alongside a high-performing workforce that has been created for development and enhancing shareholder returns,” reported David Denton.
Prior to signing up for Lowe’s in 2018, Mr. Denton served as Govt Vice President and CFO of CVS Well being, exactly where he was dependable for all features of their economical scheduling and administration. He played a important position in CVS’s transformational journey from a retail pharmacy to the wellness options business it is now and led the full integration of Caremark into CVS. In December 2017, Mr. Denton played a pivotal purpose in CVS’s acquisition of Aetna, structuring and negotiating the conditions and financing for the transaction.
Prior to turning into CFO at CVS, Mr. Denton held quite a few leadership roles, together with senior vice president and controller/chief accounting officer. Prior to CVS, he was with the management consulting business of Deloitte Touche Tohmatsu.
He attained a bachelor’s diploma in company administration from Kansas Condition University, United states of america and an MBA from the Babcock Graduate School of Management at Wake Forest College, United states. He serves on the board of Tapestry, Inc.
About Pfizer: Breakthroughs That Change Patients’ Lives
At Pfizer, we use science and our world-wide assets to carry therapies to individuals that extend and drastically enhance their lives. We strive to established the regular for top quality, security and worth in the discovery, growth and manufacture of well being treatment solutions, including ground breaking medicines and vaccines. Each individual working day, Pfizer colleagues do the job throughout made and rising marketplaces to progress wellness, avoidance, treatments and cures that obstacle the most feared diseases of our time. Dependable with our obligation as just one of the world’s leading ground breaking biopharmaceutical organizations, we collaborate with overall health treatment vendors, governments and nearby communities to assistance and extend entry to dependable, economical health and fitness care close to the world. For extra than 170 a long time, we have worked to make a difference for all who count on us. We routinely publish facts that might be significant to buyers on our web site at www.Pfizer.com. In addition, to master a lot more, make sure you stop by us on www.Pfizer.com and stick to us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Fb.com/Pfizer.
Disclosure Notice:The info contained in this launch is as of April 11, 2022. The Enterprise assumes no obligation to update ahead-wanting statements contained in this release as a outcome of new facts or foreseeable future situations or developments.
This launch incorporates forward-wanting details about, between other issues, the Company’s worth creation and growth probable that are issue to significant challenges and uncertainties that could bring about actual benefits to differ materially from people expressed or implied by this sort of statements. Dangers and uncertainties include things like, among the other points, the uncertainties inherent in exploration and development the uncertainties inherent in organization and economical scheduling, which include, with no limitation, pitfalls relevant to Pfizer’s business and prospective clients, adverse developments in Pfizer’s marketplaces, or adverse developments in the U.S. or world wide money marketplaces, credit rating markets, regulatory ecosystem or economies usually the effect of COVID-19 on our enterprise, operations and monetary outcomes and competitive developments.
A even further description of challenges and uncertainties can be identified in Pfizer’s Annual Report on Form 10-K for the fiscal calendar year ended December 31, 2021 and in its subsequent experiences on Kind 10-Q, which includes in the sections thereof captioned “Risk Factors” and “Forward-Seeking Information and Elements That Could Have an affect on Potential Results”, as very well as in its subsequent studies on Variety 8-K, all of which are submitted with the U.S. Securities and Exchange Commission and accessible at www.sec.gov and www.pfizer.com.
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Resource: Pfizer Inc.