NEW YORK–(Small business WIRE)–
Pfizer Inc. (NYSE: PFE) nowadays introduced that David M. Denton will be a part of the Business as Main Monetary Officer (CFO) and Govt Vice President efficient May well 2, 2022. Mr. Denton will be a member of Pfizer’s Govt Leadership Group reporting to Chairman and Chief Executive Officer, Albert Bourla. He joins Pfizer from Lowe’s Organizations, Inc. the place he served as CFO and Executive Vice President. Mr. Denton succeeds Frank D’Amelio, CFO and Govt Vice President, who just lately declared his intention to go away Pfizer following a noteworthy 15-12 months job. Mr. D’Amelio has agreed to continue being in area by means of a transition time period.
Mr. Denton has much more than 25 a long time of finance and operational knowledge, including additional than 20 yrs in the healthcare sector. As a outcome, he brings to Pfizer a special viewpoint on the purpose of payers, the requires of patients, and the speedily evolving healthcare landscape.
At Pfizer, Mr. Denton will be a vital considered spouse to the Company’s CEO and Govt Leadership Workforce when overseeing each individual facet of the Company’s economical management. He will be liable for all corporate finance capabilities, which includes audit, treasury, tax, insurance policy, operations scheduling and investigation (OP&A), company controllership, and business enterprise finance and analytics.
“Our Company’s ongoing economical strength is necessary to Pfizer’s potential to deliver on our reason and to create extensive-term value for all our stakeholders,” mentioned Albert Bourla, Chairman and Main Government Officer, Pfizer. “Dave provides with him deep economic expertise, a observe document of accomplishment and correct insights into today’s health care procedure. For these good reasons, he is the best chief to acquire the helm of our gifted finance organization and provide a extensive strategic fiscal eyesight that will enable travel Pfizer’s long run advancement and good results.”
Bourla continued, “My sincere thanks to Frank D’Amelio for his a lot of and lasting contributions to Pfizer, which include mentoring so several of Pfizer’s latest outstanding leaders and increasing the life of so numerous people close to the environment.”
“We are dwelling at a time of unprecedented 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 expert possibility increased than leveraging all my yrs of finance and organization knowledge to perform a role in helping deliver on this aspiration, functioning along with a superior-doing crew that has been developed for advancement and enhancing shareholder returns,” said David Denton.
Prior to joining Lowe’s in 2018, Mr. Denton served as Executive Vice President and CFO of CVS Well being, the place he was liable for all factors of their fiscal setting up and management. He played a key position in CVS’s transformational journey from a retail pharmacy to the wellness methods business it is these days and led the entire integration of Caremark into CVS. In December 2017, Mr. Denton played a pivotal job in CVS’s acquisition of Aetna, structuring and negotiating the conditions and funding for the transaction.
Just before becoming CFO at CVS, Mr. Denton held quite a few leadership roles, such as senior vice president and controller/main accounting officer. Prior to CVS, he was with the administration consulting organization of Deloitte Touche Tohmatsu.
He earned a bachelor’s diploma in organization administration from Kansas Point out College, United states and an MBA from the Babcock Graduate Faculty of Administration at Wake Forest College, United states of america. He serves on the board of Tapestry, Inc.
About Pfizer: Breakthroughs That Modify Patients’ Lives
At Pfizer, we use science and our worldwide resources to carry therapies to people today that lengthen and drastically strengthen their lives. We attempt to established the regular for high-quality, protection and worth in the discovery, advancement and manufacture of health care solutions, which includes innovative medicines and vaccines. Each working day, Pfizer colleagues operate across designed and emerging markets to advance wellness, prevention, remedies and cures that challenge the most feared disorders of our time. Constant with our duty as a single of the world’s premier progressive biopharmaceutical organizations, we collaborate with wellbeing treatment providers, governments and neighborhood communities to aid and extend accessibility to reliable, very affordable health and fitness care all around the entire world. For much more than 170 a long time, we have worked to make a distinction for all who rely on us. We routinely put up data that may perhaps be vital to investors on our website at www.Pfizer.com. In addition, to discover much more, you should take a look at us on www.Pfizer.com and adhere to us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Fb at Fb.com/Pfizer.
Disclosure Observe:The information contained in this release is as of April 11, 2022. The Organization assumes no obligation to update ahead-looking statements contained in this release as a end result of new details or long term functions or developments.
This launch includes ahead-on the lookout information and facts about, amongst other issues, the Company’s benefit creation and development likely that are matter to significant pitfalls and uncertainties that could trigger actual success to vary materially from all those expressed or implied by this kind of statements. Threats and uncertainties contain, between other issues, the uncertainties inherent in exploration and growth the uncertainties inherent in business and fiscal preparing, including, with no limitation, pitfalls relevant to Pfizer’s business and prospects, adverse developments in Pfizer’s markets, or adverse developments in the U.S. or worldwide cash markets, credit history markets, regulatory natural environment or economies normally the affect of COVID-19 on our company, operations and economical success and competitive developments.
A more description of dangers and uncertainties can be located in Pfizer’s Once-a-year Report on Kind 10-K for the fiscal yr finished December 31, 2021 and in its subsequent stories on Variety 10-Q, like in the sections thereof captioned “Risk Factors” and “Forward-Hunting Facts and Components That May Affect Foreseeable future Results”, as nicely as in its subsequent experiences on Kind 8-K, all of which are filed with the U.S. Securities and Exchange Fee and readily available at www.sec.gov and www.pfizer.com.
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Resource: Pfizer Inc.