EUROAPI Announces New Governance

Regulatory News:

EUROAPI’s (Paris:EAPI) Board of Directors met on October 25, 2023, and decided that Karl Rotthier will step down as Chief Executive Officer, effective October 30, 2023. The Board has launched a search for a new Chief Executive Officer.

Consequently, it has appointed Viviane Monges, EUROAPI’s current Chair of the Board, as Chief Executive Officer until a permanent successor has been appointed. She will remain EUROAPI’s Chair of the Board.

In this context, the Board of Directors also decided to appoint Elizabeth Bastoni, Chair of the Nominations and Compensation Committee, as Independent Lead-Director. In this position, Elizabeth Bastoni will notably help to oversee the efficient running of the company’s governance structure and will be a key contact to engage with EUROAPI’s shareholders on topics related to the Board of Directors’ responsibilities.

The Board of Directors wants to thank Karl Rotthier for his contributions to EUROAPI since 2021, notably during EUROAPI’s early days, establishing the Company as a new independent major API and CDMO actor on the market.

The Board of Directors will continue to support the Group’s transformation in a fast-evolving environment and will actively oversee the execution of the strategic review announced on October 9, 2023.

Biography of Viviane Monges

Viviane Monges is an experienced Finance Executive and Director and has worked in several business sectors and more than 25 years in the pharmaceutical industry. She served as Chief Financial Officer of the group Galderma S.A., a multinational company specializing in dermatology. She was Chief Financial Officer of the EMEA region and then World Chief Financial Officer for the OTC division at Novartis. At Wyeth Pharmaceuticals/Pfizer, she held the position of Chief Financial Officer of the Global Pharma Business unit. She served on several Pharma companies' boards and is currently a member of the Board of Novo Holdings, Ferring Pharmaceuticals and Pharvaris.

Biography of Elizabeth Bastoni

Elizabeth Bastoni is an experienced Board Chair and executive with expertise in human resources, governance, strategy, risk, and talent management. She is currently a member of the Board of Directors of Jeronimo Martins where she is on the Audit Committee. She is also on the Board of Directors of CNH Industrial where she Chairs the Human Capital and Compensation Committee. Elizabeth began her career in international taxation at KPMG in Europe. She then held several executive positions with international groups such as The Coca-Cola Company, Carlson or Thales.