Takeda Announces New Assignments of Directors

Rhea-AI Summary

Takeda has announced new director assignments, decided at the Board of Directors and Audit and Supervisory Committee meetings following the 148th Ordinary Meeting of Shareholders. The Board is composed of 11 external directors out of 14 total members, ensuring transparency and objectivity.

An external director will continue to chair the Board. The Audit and Supervisory Committee, Nomination Committee, and Compensation Committee will be composed solely of external directors.

The new assignments include Christophe Weber as Representative Director and CEO, Milano Furuta as Director and CFO, and Andrew Plump as Director of R&D. External directors such as Masami Iijima, Ian Clark, and Steven Gillis hold various roles, ensuring robust governance.

These changes are effective from June 26, 2024, and emphasize Takeda's commitment to strong, independent governance.

Positive

• 11 out of 14 directors are external, ensuring transparency.
• An external director will chair the Board, enhancing objectivity.
• Committees composed solely of external directors, reinforcing governance.

Negative

• None.

OSAKA, Japan--(BUSINESS WIRE)-- Takeda (TOKYO:4502/NYSE:TAK) has announced new assignments of directors, determined at the Board of Directors meeting and at the Audit and Supervisory Committee meeting, following the 148th Ordinary Meeting of Shareholders, held in Osaka today.

Takeda's Board of Directors has 11 members serving as external directors out of a total of 14 members, helping to ensure transparency and objectivity. An external director will continue to chair the Board of Directors. The Audit and Supervisory Committee, the Nomination Committee and the Compensation Committee will be composed solely of external directors including their chairs.

Takeda highly values strong, independent governance and its Board of Directors helps to ensure that all decisions and actions are in the best interests of global stakeholders and aligned with the company’s values. This robust corporate governance model has been, and will continue to be, critical to Takeda's success.

Details of the new assignments are as follows:

1. New Assignment of Directors Who Are Not Audit and Supervisory Committee Members (Effective June 26, 2024)

Name	Category		Role
Christophe Weber	Internal	Existing	Representative Director, President & Chief Executive Officer
Milano Furuta	Internal	New	Director, Chief Financial Officer
Andrew Plump	Internal	Existing	Director, President, Research & Development
Masami Iijima	External	Existing	External Director, Chair of the Board Meeting
Ian Clark	External	Existing	External Director
Steven Gillis	External	Existing	External Director
Emiko Higashi	External	New	External Director
John Maraganore	External	Existing	External Director
Michel Orsinger	External	Existing	External Director
Miki Tsusaka	External	Existing	External Director

2. Directors Who Are Audit and Supervisory Committee Members (Effective June 26, 2024)

Name	Category		Role
Koji Hatsukawa	External	Existing	External Director, Head of Audit and Supervisory Committee
Jean-Luc Butel	External	New	External Director, Audit and Supervisory Committee Member
Yoshiaki Fujimori	External	Existing	External Director, Audit and Supervisory Committee Member
Kimberly A. Reed	External	Existing	External Director, Audit and Supervisory Committee Member

3. New Assignment of Nomination Committee and Compensation Committee Members (Effective June 26, 2024)

Nomination committee:
Masami Iijima (Chairperson), Steven Gillis, Emiko Higashi, Michel Orsinger, Jean-Luc Butel, and Yoshiaki Fujimori
(Observer: Christophe Weber)

Compensation committee:
Emiko Higashi (Chairperson), John Maraganore, Michel Orsinger, and Kimberly A. Reed

About Takeda
Takeda is focused on creating better health for people and a brighter future for the world. We aim to discover and deliver life-transforming treatments in our core therapeutic and business areas, including gastrointestinal and inflammation, rare diseases, plasma-derived therapies, oncology, neuroscience and vaccines. Together with our partners, we aim to improve the patient experience and advance a new frontier of treatment options through our dynamic and diverse pipeline. As a leading values-based, R&D-driven biopharmaceutical company headquartered in Japan, we are guided by our commitment to patients, our people and the planet. Our employees in approximately 80 countries and regions are driven by our purpose and are grounded in the values that have defined us for more than two centuries. For more information, visit www.takeda.com.

Important Notice
For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this press release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

Forward-Looking Statements
This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could”, “anticipates”, “estimates”, “projects”, “forecasts”, “outlook” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States; competitive pressures and developments; changes to applicable laws and regulations; challenges inherent in new product development, including uncertainty of clinical success and decisions of regulatory authorities and the timing thereof; uncertainty of commercial success for new and existing products; manufacturing difficulties or delays; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic; the success of our environmental sustainability efforts, in enabling us to reduce our greenhouse gas emissions or meet our other environmental goals; the extent to which our efforts to increase efficiency, productivity or cost-savings, such as the integration of digital technologies, including artificial intelligence, in our business or other initiatives to restructure our operations will lead to the expected benefits; and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/sec-filings-and-security-reports/ or at www.sec.gov. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240619545549/en/

Media Contacts:

Japanese Media

Shoko Honda

shoko.honda@takeda.com

+81 (0) 70-2687-3620

U.S. and International Media

Brendan Jennings

brendan.jennings@takeda.com

+81 (0) 80-2705-8259

Source: Takeda Pharmaceutical Company Limited

FAQ

What new director assignments has Takeda announced for 2024?

Takeda announced the assignment of directors including Christophe Weber as CEO, Milano Furuta as CFO, and other roles effective June 26, 2024.

How many external directors are on Takeda's Board?

Takeda's Board comprises 11 external directors out of a total of 14 members.

When will the new director assignments at Takeda take effect?

The new director assignments at Takeda will take effect on June 26, 2024.

Who will chair Takeda's Board of Directors?

An external director will continue to chair Takeda's Board of Directors.

What committees are composed solely of external directors at Takeda?

The Audit and Supervisory Committee, Nomination Committee, and Compensation Committee at Takeda are composed solely of external directors.