01—Abstract
Summary
Summary of the 8-K filed May 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Viatris Inc. (Nasdaq: VTRS) announced in an 8-K filed May 4, 2026 that Chief Financial Officer Theodora "Doretta" Mistras is voluntarily stepping down to pursue another professional opportunity.
Her departure is effective May 8, 2026, though she will remain employed by the Company until May 22, 2026 for transition purposes. The filing states her resignation was not related to any disagreement with the Company on accounting practices, financial statements, internal controls, or operations. The Board appointed Paul Campbell, the Company's current Chief Accounting Officer and Corporate Controller, as interim Chief Financial Officer effective May 8, 2026, until a permanent CFO is appointed.
Mr. Campbell, age 59, has held the Chief Accounting Officer and Corporate Controller role since the November 16, 2020 closing of the combination of Mylan N.V. with Pfizer's Upjohn business. Ms. Mistras will not receive severance or equity vesting, but is eligible for a pro rata 2026 bonus based on actual Company performance, not to exceed target, subject to a release of claims and customary restrictive covenants. The press release (Exhibit 99.1) states that Viatris will release first-quarter 2026 financial results on May 7, 2026, with a conference call at 8:30 a.m.
ET, one day before the interim CFO takes effect. CEO Scott A. Smith said Mr. Campbell is the right transitional leader to maintain continuity and operational discipline while the Company searches for a permanent successor.
02—Key points
Key Highlights
- CFO Theodora "Doretta" Mistras is voluntarily departing to pursue another professional opportunity, effective as CFO on May 8, 2026, and remaining employed until May 22, 2026.
- Paul Campbell, Chief Accounting Officer and Corporate Controller since November 16, 2020, named interim Chief Financial Officer effective May 8, 2026, until a permanent CFO is appointed.
- The filing states Ms. Mistras' resignation was not related to any disagreement with the Company on accounting practices, financial statements, internal controls, or operations.
- Ms. Mistras will not receive severance or equity vesting, but is eligible for a pro rata 2026 bonus based on actual Company performance, not to exceed target, subject to a release of claims and restrictive covenants.
- Viatris will release first-quarter 2026 financial results on May 7, 2026, with a conference call at 8:30 a.m. ET, the day before the interim CFO transition takes effect.
- Mr. Campbell previously served as Mylan's Chief Accounting Officer, Senior Vice President and Controller, and has worked at Mylan since 2002, per the filing and press release.
03—Questions
Frequently Asked Questions
Why is the CFO leaving Viatris?
The filing states Ms. Mistras is voluntarily ceasing to serve as CFO to pursue another professional opportunity. It also states her resignation was not related to any disagreement with the Company on accounting practices, financial statements, internal controls, or operations.
Who is running Viatris' finances after the transition?
Paul Campbell, currently Chief Accounting Officer and Corporate Controller, will serve as interim Chief Financial Officer effective May 8, 2026, until the Board appoints a permanent CFO. The press release says the Company is conducting a search for a permanent successor.
Does Ms. Mistras receive severance or other payments on departure?
The filing states she will not be eligible for severance or equity vesting. She is eligible for a pro rata bonus for the portion of 2026 she served as an employee, based on actual Company performance but not to exceed target, and must provide a release of claims and comply with customary restrictive covenants.
When will Viatris report its next financial results and discuss the transition?
The press release states Viatris will release first-quarter 2026 financial results on May 7, 2026, and host a conference call at 8:30 a.m. ET to discuss them.
Does Mr. Campbell have any conflicts or related-party relationships?
The filing states there are no arrangements or understandings between Mr. Campbell and any other persons under which he was selected as interim CFO, that he has no family relationships with the Company's directors or executive officers, and that he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
04—Continue