Chief Financial Officer Transition Plan Originally Announced on January 11th
Ms. Pease Will Join Charles River as Corporate Executive Vice President on April 25th
Charles River Laboratories International, Inc. announced that it will appoint Flavia H. Pease as its next Chief Financial Officer, succeeding David R. Smith, who previously announced on January 11th that he intends to retire. Ms. Pease will join Charles River as Corporate Executive Vice President on April 25th, and is expected to assume the role of Chief Financial Officer after the filing of the Company’s Quarterly Report on Form 10-Q in early May 2022.
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Ms. Pease will join Charles River after more than 20 years in financial leadership roles at Johnson & Johnson, most recently serving as Vice President and Group Chief Financial Officer of Johnson & Johnson’s global Medical Devices business. As Corporate Executive Vice President and Chief Financial Officer at Charles River, Ms. Pease will lead the Company’s global Finance organization and will be responsible for overseeing the Accounting, Tax, Treasury, Investor Relations, Internal Audit, Risk Management, and Procurement functions, as well as working closely with operational finance teams across the global businesses.
James C. Foster, Chairman, President and Chief Executive Officer, commented, “We are very pleased to welcome Flavia Pease as our next Chief Financial Officer. Flavia is a highly regarded financial leader whose deep industry knowledge and experience managing the Finance organizations of large, growing businesses will greatly benefit Charles River. With a collaborative and purpose-based approach, Flavia will help ensure the continued success of the Company by providing sound financial oversight and disciplined capital management as we work to achieve our strategic and financial goals. Our Company is stronger today than it has ever been, and as we celebrate our 75th anniversary, it is an exciting time to welcome her to Charles River. I look forward to partnering with Flavia as we work to advance the Company’s mission and our position as the leading, non-clinical contract research organization.”
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Flavia Pease, incoming Corporate Executive Vice President and Chief Financial Officer, commented, “I am very excited to be joining a purpose-driven organization that is a leader in the life sciences industry. Charles River presents a compelling opportunity to lead a deep and talented finance team, collaborate with experienced senior leaders, and leverage my experience as a trusted business partner to help the Company achieve its goals. I look forward to working to build upon Charles River’s strong legacy as an industry leader, deliver on its growth objectives, and continue to enhance value for shareholders.”
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