8-KLeadership ChangesExhibits & Filings

Zoetis Inc. 8-K Report, Executive Changes (Aug 6, 2026)

Filed August 6, 2026For Securities:ZTS

Summary

Zoetis Inc. (ZTS) has filed an 8-K report detailing significant executive leadership changes. The most prominent announcement is the appointment of James Saccaro as Executive Vice President, Chief Financial Officer, and Chief Operating Officer, effective August 17, 2026. Mr. Saccaro brings substantial experience from GE HealthCare and Baxter International and will be responsible for Zoetis's global finance functions and Global Manufacturing and Supply operations. Concurrently, the company announced the departure of Wetteny Joseph from his role as Executive Vice President and Chief Financial Officer. Mr. Joseph will transition to a non-executive advisory role through February 28, 2027, with his departure not related to any disagreements. These executive changes suggest a strategic shift in financial and operational leadership for Zoetis.

Key Highlights

  • 1James Saccaro appointed as EVP, CFO, and COO, effective August 17, 2026.
  • 2Mr. Saccaro's responsibilities will include global finance, capital allocation, financial strategy, investor engagement, and overseeing Global Manufacturing and Supply.
  • 3Mr. Saccaro previously served as CFO of GE HealthCare and Baxter International.
  • 4Mr. Saccaro's compensation package includes a base salary of $1,000,000, target annual incentive of 100% of base salary, and a target long-term incentive opportunity of $5,000,000.
  • 5Mr. Saccaro will receive a one-time make-whole award of $6,250,000 in RSUs and a $1,250,000 cash award.
  • 6Wetteny Joseph, the outgoing CFO, will transition to an advisory role until February 28, 2027.
  • 7Mr. Joseph's departure is not due to any disagreements with the company.

Frequently Asked Questions

James Saccaro has been appointed as the new Executive Vice President, Chief Financial Officer, and Chief Operating Officer of Zoetis, effective August 17, 2026.

Mr. Saccaro's compensation includes an annual base salary of $1,000,000, an annual target incentive opportunity of 100% of his base salary, and a target long-term incentive opportunity of $5,000,000. He will also receive a one-time make-whole award of $6,250,000 in restricted stock units and a $1,250,000 cash award.

Wetteny Joseph is transitioning from his role as Executive Vice President and Chief Financial Officer. His departure is not due to any disagreements with the company regarding its operations, policies, or practices. He will remain with the company in an advisory capacity until February 28, 2027.

Mr. Saccaro will lead Zoetis's global finance function, overseeing capital allocation, financial strategy, reporting, controls, and investor engagement. He will also oversee Global Manufacturing and Supply to drive operational execution and performance.