Altimmune (ALT) sets CMO transition as Harris shifts to advisor role
Rhea-AI Filing Summary
Altimmune, Inc. reported a planned leadership transition in its medical organization. Former Chief Medical Officer Dr. Scott Harris has entered into a Transitional Services and Release Agreement and stepped down from the CMO role effective October 1, 2025, becoming Senior Strategic Advisor through his previously announced retirement date of February 28, 2026. The company has appointed Christophe Arbet-Engels, MD, PhD as the new Chief Medical Officer, effective October 1, 2025.
During the transition period, Dr. Harris will help transfer responsibilities and continue as an employee, receiving his current salary and benefits, continued vesting of outstanding equity awards through the separation date, an extension of his stock option exercise period to 12 months after separation, and eligibility for a full 2025 cash bonus, all conditioned on a release of claims and compliance with customary covenants.
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8-K Event Classification
FAQ
What executive leadership change did Altimmune (ALT) disclose?
Who is Altimmune's new Chief Medical Officer and when did they start?
How long will Dr. Scott Harris remain with Altimmune (ALT)?
What compensation will Dr. Harris receive during the transition period at Altimmune?
Are there any conditions attached to Dr. Harris's transition benefits at Altimmune (ALT)?
Where can investors find the full text of Dr. Harris's Transition Agreement with Altimmune?
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