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Pfizer appoints new chief financial officer

By Brian Buntz | April 11, 2022

Pfizer logoPfizer (NYSE: PFE) has named David M. Denton as its new chief financial officer (CFO) and executive vice president.

Denton, who now serves as CFO of Lowe’s Companies, will officially take the role on May 2.

Before taking on his role at Lowe’s (NYSE:LOW), Denton served as the CFO of CVS Health (NYSE:CVS). Denton oversaw CVS’s $70 billion acquisition of the managed health care company Aetna.

Denton has more than 20 years of experience working in the healthcare sector.

David Denton

David M. Denton

Pfizer’s current CFO, Frank D’Amelio, has had a 15-year career at the company.

“Our Company’s continued financial strength is essential to Pfizer’s ability to deliver on our purpose and to create long-term value for all our stakeholders,” said Albert Bourla, Pfizer CEO, in a statement. “Dave brings with him deep financial experience, a track record of achievement and true insights into today’s healthcare system. For these reasons, he is the perfect leader to take the helm of our talented finance organization and deliver a comprehensive strategic financial vision that will help drive Pfizer’s future growth and success.”

After the company made the announcement, PFE shares ticked down 2.49% to $53.86.

About The Author

Brian Buntz

The pharma and biotech editor of WTWH Media, Brian is a veteran journalist with more than 15 years of experience covering an array of life science topics, including clinical trials, drug discovery and development and medical devices. Before coming to WTWH, he served as content director focused on connected devices at Informa. In addition, Brian covered the medical device sector for 10 years at UBM. At Qmed, he overhauled the brand’s news coverage and helped to grow the site’s traffic volume dramatically. He had previously held managing editor roles on two of the company’s medical device technology publications. Connect with him on LinkedIn or email at bbuntz@wtwhmedia.com.

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