Gilead Sciences, Inc. (NASDAQ: NASDAQ:GILD) announced that board member Kevin E. Lofton will retire at the conclusion of his term. The retirement is set to take effect on May 8, 2024, coinciding with the company's next annual meeting of stockholders.
Lofton's departure from the board was not due to any disagreement with the company's management or board of directors, as stated in the recent SEC filing. This transition comes as part of the natural evolution of Gilead Sciences' board composition.
The company has not yet announced a successor for Lofton or detailed plans for the transition. This information is based on a press release statement.
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