8-KLeadership Changes

THERMO FISHER SCIENTIFIC INC. 8-K Report, Executive Changes (Nov 20, 2020)

Filed November 20, 2020For Securities:TMO

Summary

Thermo Fisher Scientific Inc. announced on November 20, 2020, the election of R. Alexandra Keith to its Board of Directors. Ms. Keith brings extensive global leadership experience, currently serving as the Chief Executive Officer of Procter & Gamble's (P&G) global Beauty business, a substantial $13 billion operation. Her 30-year tenure at P&G has spanned various critical functions including manufacturing, logistics, communications, and product innovation, making her a valuable addition to Thermo Fisher's strategic oversight. Ms. Keith's appointment is effective immediately, with her term set to expire at the 2021 annual meeting. She will be compensated according to the Company's standard agreements for non-employee directors and will enter into the Company's standard form of indemnification agreement. This move signals Thermo Fisher's commitment to enhancing board diversity and leveraging external expertise from seasoned executives in large, global consumer goods companies.

Key Highlights

  • 1Thermo Fisher Scientific appointed R. Alexandra Keith as a new director to its Board.
  • 2Ms. Keith is currently the CEO of Procter & Gamble's global Beauty business, overseeing a $13 billion operation.
  • 3She has 30 years of experience at P&G in roles covering manufacturing, logistics, communications, and product innovation.
  • 4Ms. Keith's appointment strengthens the Board with significant global consumer goods industry experience.
  • 5Her term as director will expire at the 2021 annual meeting.
  • 6Compensation for Ms. Keith will follow the Company's standard director compensation plan.
  • 7She will also enter into the Company's standard indemnification agreement.

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