8-KLeadership Changes

ALNYLAM PHARMACEUTICALS, INC. 8-K Report, Executive Changes (Jun 15, 2016)

Filed June 15, 2016For Securities:ALNY

Summary

Alnylam Pharmaceuticals, Inc. (ALNY) announced a key leadership change within its finance department, effective July 1, 2016. David-Alexandre C. Gros, M.D., currently Senior Vice President and Chief Business Officer, will assume the role of Principal Financial Officer. Dr. Gros, who joined Alnylam in June 2015, brings extensive experience from previous roles at Sanofi SA and in investment banking and management consulting. This transition is part of a planned succession and does not involve any change in compensation for Dr. Gros or the outgoing Principal Financial Officer, Michael P. Mason. Michael P. Mason will continue as Vice President, Finance and Treasurer, and will also retain his role as Principal Accounting Officer, overseeing the company's finance operations. This filing provides assurance to investors that the company's financial leadership is being managed with continuity and that key personnel remain in place to support Alnylam's strategic objectives. Investors should note Dr. Gros's background in business development and strategy as he takes on broader financial responsibilities.

Key Highlights

  • 1Effective July 1, 2016, Dr. David-Alexandre C. Gros appointed as Principal Financial Officer, succeeding Michael P. Mason.
  • 2Dr. Gros currently serves as Senior Vice President and Chief Business Officer.
  • 3Michael P. Mason will remain as Vice President, Finance and Treasurer, and will continue as Principal Accounting Officer.
  • 4The leadership changes are part of a planned succession and do not involve any change in compensation for Dr. Gros or Mr. Mason.
  • 5Dr. Gros's prior experience includes executive roles at Sanofi SA, investment banking, and management consulting.
  • 6This filing focuses on changes in principal officers and does not contain new financial performance data or clinical trial updates.

Frequently Asked Questions

Dr. David-Alexandre C. Gros has been appointed as the new Principal Financial Officer, effective July 1, 2016.

Yes, Michael P. Mason will continue to serve as Vice President, Finance and Treasurer, and will also remain as the Principal Accounting Officer, leading the company's finance operations.

No, the company stated that these changes did not result in any change in compensation for either Dr. Gros or Mr. Mason.

Dr. Gros has a strong background in finance and strategy. He previously served as Senior Vice President and Chief Business Officer at Alnylam since June 2015, and prior to that, as Executive Vice President and Chief Strategy Officer at Sanofi SA. He also has experience in investment banking and management consulting.