AbbVie (ABBV) Appoints Roxanne S. Austin to its Board

AbbVie (NYSE: ABBV) today announced that the independent directors of the board have selected Roxanne S. Austin as lead independent director, effective July 1, 2024. Ms. Austin succeeds Glenn F. Tilton, who has served as lead independent director since 2013. Mr. Tilton will continue to serve on the AbbVie Board as an independent director.

"One of AbbVie's greatest strengths is an experienced, diverse and highly independent Board of Directors committed to the highest standards of corporate governance," said Richard A. Gonzalez, chairman and chief executive officer, AbbVie. "The appointment of Roxanne as lead independent director reflects a thorough and deliberate process by the independent directors of the Board, who strongly believe that her experience and leadership ability make her highly qualified to lead the AbbVie Board. Roxanne has provided keen insights and guidance as an independent director since joining the Board in 2013. I'm delighted that she will bring her expertise to us in this role, especially as we make the important transition in executive leadership when Rob Michael assumes the role of AbbVie's CEO on July 1."

"I've always valued Glenn's counsel and leadership as lead independent director," continued Mr. Gonzalez. "Glenn has made immeasurable contributions to our strategy, financial success and corporate governance, and his presence in AbbVie's boardroom has clearly elevated all of us. I look forward to continuing to work alongside him."

"The independent directors of AbbVie were unanimous in their support for Roxanne as the new lead independent director of the Board," commented Mr. Tilton. "She will provide thoughtful strategic leadership to the company and will work diligently to ensure AbbVie continues to deliver results to all our stakeholders with passion and integrity. It has been extremely rewarding to serve as the lead independent director at AbbVie for the past 11 years. I am excited for the company's future and am pleased to continue working with Roxanne, Rick, Rob and the rest of AbbVie's Board to build on the company's success."

"I am honored to have received the support of AbbVie's Board in this important role, and I am excited to partner with the Board and management team as we embark on this important next phase in AbbVie's growth," said Ms. Austin. "I would like to thank Glenn for his invaluable guidance as an independent director for many years. His leadership has been marked by integrity, intelligence and determination, and AbbVie will benefit tremendously by his continued service on the Board."

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