Viatris (Nasdaq: VTRS) appoints Paul Campbell as interim CFO
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Viatris Inc. announced a planned Chief Financial Officer transition. Theodora “Doretta” Mistras will step down as CFO effective May 8, 2026, remaining employed until May 22, 2026 to support the handover, and her departure is stated as unrelated to any disagreements over accounting, financial reporting, internal controls or operations.
The Board appointed Paul Campbell, the current Chief Accounting Officer and Corporate Controller, as interim CFO effective May 8, 2026 while it searches for a permanent successor. Mistras will receive a pro rata 2026 bonus based on actual performance (capped at target) but no severance or equity vesting, and must sign a release and comply with restrictive covenants. Viatris also reiterated that it will release first‑quarter 2026 results on May 7, 2026 and hold a conference call at 8:30 a.m. ET.
Positive
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Negative
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CFO role end date: May 8, 2026
Employment end date: May 22, 2026
Paul Campbell age: 59
+1 more
4 metrics
CFO role end date
May 8, 2026
Effective date Mistras ceases serving as Chief Financial Officer
Employment end date
May 22, 2026
Date Mistras remains employed through for transition purposes
Paul Campbell age
59
Age of interim Chief Financial Officer
Q1 2026 earnings date
May 7, 2026, 8:30 a.m. ET
Scheduled release and conference call for first-quarter 2026 results
Key Terms
interim Chief Financial Officer, Regulation Fair Disclosure, Private Securities Litigation Reform Act of 1995, forward-looking statements, +1 more
5 terms
interim Chief Financial Officer financial
"named Paul Campbell, currently Chief Accounting Officer and Corporate Controller, as interim Chief Financial Officer"
An interim chief financial officer is a temporary leader responsible for managing a company's financial activities, such as budgeting, financial planning, and reporting, during a transitional period. Think of it as filling in for a key manager until a permanent replacement is found. For investors, this role is important because it ensures financial stability and clear guidance during times of change or uncertainty.
Regulation Fair Disclosure regulatory
"used its website as a means of disclosing material information ... for purposes of the SEC's Regulation Fair Disclosure"
A rule that requires companies to share important information that could move their stock with all investors at the same time, rather than telling a few people first. Think of it like a teacher announcing a major test to the whole class at once instead of whispering to select students; it helps keep the market fair, reduces the chance some traders get an unfair advantage, and gives investors more confidence that they are making decisions with the same facts as everyone else.
Private Securities Litigation Reform Act of 1995 regulatory
"statements that constitute “forward-looking statements.” These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995"
forward-looking statements financial
"This press release includes statements that constitute “forward-looking statements.”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
enterprise-wide strategic review financial
"the intended or expected benefits of its enterprise-wide strategic review and related cost-saving and restructuring activities"
An enterprise-wide strategic review is a comprehensive assessment of a whole organization's goals, operations, assets and markets to decide what to keep, change, invest in or divest. For investors it matters because the review can lead to major decisions—like cutting costs, selling units, refocusing products or shifting capital—that directly affect future earnings, risk and the company’s long-term value; think of it as a full house audit and roadmap for where management will steer the business.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 2026
(Exact name of registrant as specified in its charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code: (724 )
514-1800
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
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Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
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Securities registered pursuant to Section
12(b) of the Act:
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Symbol(s)
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on which registered
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On May 1, 2026, Theodora (“Doretta”) Mistras informed Viatris Inc. (the “Company”) that she would voluntarily cease to serve as Chief Financial Officer to pursue another
professional opportunity. Ms. Mistras will cease to serve as Chief Financial Officer effective May 8, 2026 and will remain employed by the Company until May 22, 2026 for transition purposes. Ms. Mistras’ resignation was not related to any
disagreement between Ms. Mistras and the Company on any matter relating to the Company’s accounting practices, financial statements, internal controls, or operations.
On May 4, 2026, the Board of Directors of the Company (the “Board”) appointed Paul Campbell, Viatris’ current Chief Accounting Officer and Corporate
Controller, to also serve as interim Chief Financial Officer of the Company, effective May 8, 2026, until a permanent Chief Financial Officer is appointed by the Board. Mr. Campbell, age 59, has served as Viatris’ Chief Accounting Officer and
Corporate Controller since the closing of the combination of Mylan N.V. (“Mylan”) with Pfizer's Upjohn business (the “Combination”) on November 16, 2020. As Chief Accounting Officer and Corporate Controller, he is responsible for oversight of the
day-to-day operations of the accounting and finance functions of the Company, including planning, implementing, and managing the Company’s finance and accounting activities. Prior to the closing of the Combination, Mr. Campbell served as Mylan’s
Chief Accounting Officer, Senior Vice President and Controller. Before his appointment as Chief Accounting Officer in November 2015, Mr. Campbell served as Mylan’s Senior Vice President and Controller beginning in May 2015, with responsibility for
overseeing the company’s accounting and financial operations and reporting, and he previously held roles of increasing responsibility at Mylan since 2002.
There are no arrangements or understandings between Mr. Campbell and any other persons pursuant to which he was selected as interim Chief Financial
Officer, he has no family relationships with any of the Company’s directors or executive officers and he has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K.
Ms. Mistras will not be eligible for severance or equity vesting in connection with her departure. She is eligible to receive a pro rata bonus for the portion
of 2026 for which she served as an employee (based on actual Company performance but not to exceed target) and will be required to provide a release of claims and
comply with customary restrictive covenants.
| Item 7.01 |
Regulation FD Disclosure.
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On May 4, 2026, the Company issued a press release announcing the Chief Financial Officer transition. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 |
Financial Statements and Exhibits
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Exhibits
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Exhibit No.
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Description
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99.1
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Press release, dated May 4, 2026
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104
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Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized
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Date: May 4, 2026
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By: |
/s/ Matthew Maletta
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Matthew Maletta
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Chief Legal Officer
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Exhibit 99.1
Viatris Announces Chief Financial Officer Transition
Theodora “Doretta” Mistras to Depart; Paul Campbell Named Interim CFO
PITTSBURGH – May 4, 2026 – Viatris Inc. (Nasdaq: VTRS), a global healthcare company, today announced that Theodora “Doretta” Mistras, Chief Financial Officer, will depart the Company for a new professional opportunity.
Viatris has named Paul Campbell, currently Chief Accounting Officer and Corporate Controller, as interim Chief Financial Officer, effective May 8, 2026, while the Company
conducts its search for a permanent successor. Mistras will remain with the Company until May 22, 2026, to facilitate a seamless transition.
“We thank Doretta for her significant contributions, which have helped prepare the Company to enter a period of sustainable future growth,” said Scott A. Smith, CEO, Viatris. “Given Paul’s deep knowledge of Viatris and his financial expertise and experience, we are
confident he is the right transitional leader to maintain continuity and operational discipline while we focus on positioning the Company for sustained long-term growth.”
Campbell brings more than two decades of experience in accounting, financial operations and corporate leadership to the position. In his current role as Chief Accounting
Officer and Corporate Controller of Viatris, Campbell oversees the Company’s global accounting and finance operations. Since joining Viatris’ legacy company, Mylan, in 2002, Campbell has played a key role in strengthening financial processes,
supporting strategic initiatives and maintaining disciplined financial management across the organization.
Prior to his current role, Campbell served as Mylan’s Chief Accounting Officer, Senior Vice President and Controller, where he was responsible for the Company’s accounting,
financial operations and reporting. During his tenure, he has held positions of increasing responsibility across internal audit, business development, corporate development and operations finance, contributing to the Company’s growth and
transformation. Earlier in his career, Campbell spent nearly a decade at Deloitte & Touche, where he served as a Senior Manager in Audit. Campbell holds a Bachelor of Science in Accounting from Pennsylvania State University.
Viatris will release financial results for the first quarter of 2026 on May 7, 2026, and will host a conference call at 8:30 a.m. ET to discuss the results.
About Viatris
Viatris Inc. (Nasdaq: VTRS) is a global healthcare company whose mission is to empower people worldwide to live healthier at every stage of life. We meet the needs
of patients around the world by acting decisively with ingenuity and resolve. Whether we’re developing new medicines, working to maintain a resilient supply of needed therapies, or pursuing bold innovation, we strive to deliver solutions that are
effective at scale and built to endure. We’re purpose-built to make an impact with a dynamic portfolio that spans generics, established brands and innovative medicines that address areas of significant unmet need. We are headquartered in the U.S.,
with global centers in Pittsburgh, Shanghai, China, and Hyderabad, India. Learn more at viatris.com and investor.viatris.com, and connect with us on LinkedIn, Instagram, YouTube and X.
Exhibit 99.1
Forward-Looking Statements
This press release includes statements that constitute “forward-looking statements.” These statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements may include statements that Mistras’s significant contributions have helped prepare the company to enter a period of sustainable future growth; and that given Campbell’s deep
knowledge of the Company, his financial expertise and experience, we are confident he is the right transitional leader to maintain continuity and operational discipline while we focus on positioning the company for sustained long-term growth. Because
forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include,
but are not limited to: the possibility that the Company may not realize the intended benefits of, or achieve the intended goals or outlooks with respect to, its strategic initiatives and priorities; the possibility that the Company may be unable to
achieve the intended or expected benefits of its enterprise-wide strategic review and related cost-saving and restructuring activities within the expected timeframe or at all; the possibility that the Company may be unable to achieve intended or
expected benefits in connection with divestitures, acquisitions, strategic alliances, collaborations, or other transactions, or restructuring programs, within the expected timeframes or at all; the Company's failure to achieve expected or targeted
future financial and operating performance and results; the ability to attract, motivate and retain key personnel; inherent uncertainties involved in the estimates and judgments used in the preparation of financial statements, and the providing of
estimates of financial measures, in accordance with U.S. GAAP and related standards or on an adjusted basis; and the other risks described in Viatris' filings with the Securities and Exchange Commission ("SEC"). Viatris routinely uses its website as
a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC's Regulation Fair Disclosure (Reg FD). Viatris undertakes no obligation to update these statements for revisions or changes after the
date of this press release other than as required by law.
Contacts
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Media:
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+ 1.724.514.1968
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Communications@viatris.com
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Jennifer Mauer
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Jennifer.Mauer@viatris.com
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Matt Klein
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Matthew.Klein@viatris.com
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Investors:
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+ 1.724.514.1813
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InvestorRelations@viatris.com
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Bill Szablewski
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William.Szablewski@viatris.com
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FAQ
What CFO change did Viatris (VTRS) announce in this 8-K filing?
Viatris disclosed that Chief Financial Officer Theodora “Doretta” Mistras will leave the company for another professional opportunity. She steps down as CFO on May 8, 2026, remains through May 22, 2026 for transition, and her exit is described as not involving any accounting disagreements.
Who is Paul Campbell and what role will he assume at Viatris (VTRS)?
Paul Campbell, currently Chief Accounting Officer and Corporate Controller, has been appointed interim Chief Financial Officer effective May 8, 2026. He brings more than two decades of accounting and finance experience at Viatris and legacy Mylan, overseeing global accounting, financial operations and reporting responsibilities across the organization.
Why does Viatris say the CFO resignation does not signal accounting issues?
The company explicitly states that Theodora Mistras’s resignation was not related to any disagreement with Viatris regarding accounting practices, financial statements, internal controls or operations. This language is intended to reassure investors that her departure is not tied to financial reporting concerns or internal control disputes.
What compensation will outgoing Viatris CFO Theodora Mistras receive?
Mistras will not receive severance or equity vesting in connection with her departure. She will be eligible for a pro rata 2026 bonus based on actual company performance, capped at target, and must provide a release of claims and comply with customary restrictive covenants imposed by Viatris.
When will Viatris (VTRS) report its first-quarter 2026 financial results?
Viatris plans to release its first-quarter 2026 financial results on May 7, 2026. The company will also host a conference call at 8:30 a.m. Eastern Time that same day to discuss the results with analysts and investors, as highlighted in the accompanying press release.
Does Paul Campbell have prior leadership experience at Viatris and Mylan?
Yes. Campbell has served as Viatris’ Chief Accounting Officer and Corporate Controller since the 2020 combination of Mylan and Pfizer’s Upjohn business. Previously he was Mylan’s Chief Accounting Officer, Senior Vice President and Controller, and has held roles of increasing responsibility there since 2002.