Zoetis Fires Executive VP David for Violating Company Policy

By Colin Kellaher

Zoetis Inc. on Tuesday said it has fired Glenn David as executive vice president and group president of U.S. operations, global diagnostics and biodevices, for violating company policy.

In a filing with the U.S. Securities and Exchange Commission, Zoetis said Mr. David engaged in a consensual personal relationship with a colleague and failed to disclose it to the Parsippany, N.J., animal-health company.

Zoetis said Mr. David, who joined former parent Pfizer Inc. in 1999 and helped lead Zoetis through its 2013 initial public offering and separation, won't be eligible for any severance benefits or future equity vesting, adding that his conduct has no impact on the company's consolidated financial statements or its internal controls over financial reporting.

Zoetis said William Dorsey, vice president of finance, will serve as interim head of U.S. operations and global diagnostics while the company conducts a search for Mr. David's permanent replacement.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

02-07-23 0750ET