ELAN - Elanco Appoints Two Animal Health Industry Executives Kathy Turner and Craig Wallace to its Board of Directors | Benzinga
New Directors Join the Board's Renamed Finance, Strategy and Oversight Committee
Reaches Cooperation Agreement with Ancora
GREENFIELD, Ind., April 1, 2024 /PRNewswire/ -- Elanco Animal Health Incorporated (NYSE:ELAN) today announced that it has appointed two new independent directors, Kathy Turner and Craig Wallace, to its Board of Directors (the "Board"), effective immediately, expanding the Board to 14 members.
Ms. Turner brings significant global experience in both the animal health and broader healthcare industries. She has held senior leadership positions at IDEXX Laboratories, including most recently as Chief Marketing Officer, and served in various roles of increasing responsibility at Abbott Laboratories. Mr. Wallace is a well-respected animal health leader with more than 30 years of executive experience at companies such as Fort Dodge Animal Health, Trupanion and Ceva.
Elanco Chairman R. David Hoover said, "We are pleased to have reached an agreement with Ancora on a constructive path forward, and we look forward to working with Kathy and Craig toward our common goal of progressing our robust and innovative pipeline and driving near- and long-term sustainable growth and value for our shareholders."
Ms. Turner and Mr. Wallace also joined the Board's Finance, Strategy and Oversight Committee, which has been renamed to better reflect its charter and mandate.
"We are pleased to welcome Kathy and Craig, both accomplished animal health industry executives, to the Elanco Board," said Jeff Simmons, President and CEO of Elanco Animal Health. "We are making meaningful progress as we continue to execute our Innovation, Portfolio and Productivity strategy, and we are confident that Kathy and Craig will be valuable additions to the Board."
Frederick DiSanto, Chairman and Chief Executive Officer of Ancora Holdings Group LLC, added: "After recent engagement with Elanco, we have aligned on a constructive agreement that adds two pet healthcare experts to the Board and one of its key committees focused on strategic planning. Craig and Kathy are proven industry operators with experience that can support ongoing efforts to advance the high-quality pipeline assembled by management. Our recent interactions with Elanco give us confidence that Jeff and the Board are focused on ...