Management ChangeAug 6, 2026, 04:31 PM
Zoetis Appoints James Saccaro as CFO & COO; Wetteny Joseph Departs
AI Summary
Zoetis Inc. announced the appointment of James Saccaro as Executive Vice President, Chief Financial Officer, and Chief Operating Officer, effective August 17, 2026. Mr. Saccaro will lead global finance functions and oversee Global Manufacturing and Supply. Concurrently, Wetteny Joseph will transition from his CFO role to a Special Advisor to the CEO until early 2027 to ensure a smooth transition. Mr. Saccaro's compensation package includes a $1,000,000 base salary, a $5,000,000 annual target long-term incentive, and one-time make-whole awards totaling $7,500,000.
Key Highlights
- James Saccaro appointed Executive Vice President, Chief Financial Officer, and Chief Operating Officer, effective August 17, 2026.
- Mr. Saccaro's annual base salary is $1,000,000.
- He has an annual target incentive opportunity of 100% of his base salary.
- His annual target long-term incentive opportunity is $5,000,000.
- Mr. Saccaro will receive a one-time make-whole restricted stock unit award of $6,250,000.
- He will also receive a one-time make-whole cash award of $1,250,000.
- Wetteny Joseph transitions from CFO to Special Advisor to the CEO until early 2027.
- Mr. Joseph's departure was not due to any disagreement with the Company.
Price Impact
More from ZTS