Former Pfizer Inc (NYSE:PFE) CEO Ian Read and ex-CFO Frank D’Amelio have decided to distance themselves from the activist campaign led by Starboard Value at the pharmaceutical giant. What Happened: Read and D’Amelio made their decision public on Wednesday. They expressed their full support for Pfizer’s current CEO, Albert Bourla, in a joint statement issued through an investment bank. The two former executives had been in communication with several directors just before news of Starboard’s stake emerged, reported CNBC. “We are confident that over time they will deliver shareholder value,” Read…
