Indivior PLC Board Changes

Indivior PLC (LON:INDV) shares dropped 4.5% following changes to its Board of Directors and the announcement that the CFO will step down.

The company revealed today the appointment of two new independent non-executive directors:
– Robert Schriesheim
– Joe Ciaffoni
Both bring expertise in corporate transformation and specialty pharmaceuticals, respectively. They will also serve on the Nomination and Operational Committee of the Board.

In a move to align with common US-listed company practices, Ryan Preblick, the Chief Financial Officer of INDV, will step down from his position.

The search for a replacement for the outgoing Board Chair, Graham Hetherington, whose departure was announced on October 4, 2024, continues. The company is considering adding another non-executive director to its Board.

Additionally, INDV is planning to transition to a standard US remuneration system for directors. Under the proposed system, a significant portion of the directors' fees, including those of non-executive directors, will be paid in INDV shares.

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