On January 26, 2017, Dr. Arie Belldegrun resigned as a member of the Board of Directors of Teva Pharmaceutical Industries Ltd. In his resignation, Dr. Belldegrun stated his need to focus on his responsibilities as Chairman, President, CEO and Founder of Kite Pharma Inc. as the company enters a critical juncture in its growth with important milestones anticipated in 2017. Dr. Belldegrun joined Teva’s Board of Directors in 2013 and would have stood for election at the 2019 annual meeting.