Indivior Announces Further Board Changes
Why we think this is neutral
The RNS announcement details routine changes to Indivior's Board of Directors, including the reduction in board size, director appointments and committee changes. There is no mention of any material financial impact to the business, so the overall sentiment is neutral.
Key Points
- Board size reduced to 7 directors
- Peter Bains, Jo LeCouilliard and Robert Schriesheim to depart the Board
- Search commenced for 1 new Independent Non-Executive Director
- Daniel Ninivaggi appointed Chair of Nomination Committee
- Barbara Ryan to become Chair of Compensation Committee
- Operational Committee to be discontinued
Summary
Indivior PLC (NASDAQ / LSE: INDV) has announced further changes to its Board of Directors. The Board size will be reduced to 7 directors, with Peter Bains and Jo LeCouilliard not standing for re-election, and Robert Schriesheim stepping down. The company will commence a search for 1 new Independent Non-Executive Director, subject to approval from Oaktree Capital Management L.P. Daniel Ninivaggi will be appointed Chair of the Nomination Committee, and Barbara Ryan will succeed Jo LeCouilliard as Chair of the Compensation Committee. The Operational Committee will also be discontinued.