Summary
Thermo Fisher Scientific Inc. (TMO) announced a change to its Board of Directors. Effective July 13, 2023, the Board's size was increased to twelve members with the appointment of Jennifer “Jenny” Johnson as a new director. Ms. Johnson brings extensive leadership experience, currently serving as President and CEO of Franklin Resources, Inc., a global asset manager with over $1.4 trillion in assets under management, and has a 35-year career at the company. Her appointment is expected to add valuable insights to Thermo Fisher's board, given her deep experience across various facets of a large financial services organization. Ms. Johnson will serve a term expiring at the Company's 2024 annual meeting and will be compensated according to the company's standard arrangements for non-employee directors. The board has not yet assigned her to any committees.
Key Highlights
- 1Thermo Fisher Scientific Inc. has appointed Jennifer “Jenny” Johnson as a new director to its Board.
- 2The Board size has been increased to twelve members to accommodate the new appointment.
- 3Ms. Johnson is the President and CEO of Franklin Resources, Inc. (Franklin Templeton).
- 4She possesses 35 years of experience at Franklin Templeton, holding leadership roles across key divisions.
- 5Ms. Johnson's appointment is effective July 13, 2023, and her term expires at the 2024 annual meeting.
- 6She will receive standard compensation for non-employee directors and enter into an indemnification agreement.
- 7No committee assignments for Ms. Johnson have been announced at this time.