Galapagos announces appointment of Dr. Paul Stoffels as Chairman of the board
April 26 2022 - 4:01PM
Mechelen,
Belgium; 26 April
2022,
22.01
CET; Galapagos NV (Euronext & NASDAQ:
GLPG) today announces
that the proposed resolutions
presented at the
extraordinary
and annual
shareholders’ meetings were
approved, including the implementation of a
one-tier governance structure.
Subsequently, the newly installed board
appointed Dr. Paul Stoffels* as chairman of the board.
Galapagos held its Extraordinary General Meeting
(EGM) and Annual General Meeting (AGM) on Tuesday 26 April 2022 at
13.00 CET and 14.00 CET, respectively.
The EGM approved, amongst other items, the
amendment of the Company’s articles of association to implement a
one-tier governance structure.
The AGM approved, amongst other items,
- the appointment of Dr. Paul
Stoffels* as director, and of Jérôme Contamine and Dr. Dan Baker as
independent directors;
- the 2021 financial statements;
and
- the remuneration
report and amended remuneration policy.
Following the approved resolutions, the new
board has appointed Dr. Paul Stoffels* as its chair. The board
strongly believes that the combined chair/CEO role will
allow Paul to fully leverage his leadership capabilities and
to efficiently set and implement the Company’s direction and
strategy, including for business development opportunities.
All documents related to the shareholders’
meetings can be consulted on the Galapagos website.
*Stoffels IMC BV, permanently represented by Mr.
Paul Stoffels
About
GalapagosGalapagos NV discovers, develops, and
commercializes small molecule medicines with novel modes of action.
Our pipeline comprises discovery through Phase 3 programs in
inflammation, fibrosis, and other indications. Our ambition is to
become a leading global biopharmaceutical company focused on the
discovery, development, and commercialization of innovative
medicines. More information at www.glpg.com.
ContactInvestors:Sofie
Van GijselHead of Investor Relations +1 781 296 1143
Sandra CauwenberghsDirector Investor Relations+32 495 58 46
63ir@glpg.com
Media:Marieke VermeerschHead of Corporate
Communication+32 479 490 603
media@glpg.com
Forward-looking statements
This press release includes forward-looking
statements. Such forward-looking statements are not guarantees of
future results or events. When used in this press release, the
words “who,” “will,” “agenda,” “propose,” “would,” “if,”
“believes,” “ensure,” “intend,” “future,” “forward,” “implement,”
“pursue,” “become,” and similar expressions are intended to
identify forward looking statements. These statements include, but
are not limited to, statements regarding the proposed one tier
board structure, the appointment of Paul Stoffels* as director and
combined chair/CEO, the appointment of the two new directors, and
the approval of the Company’s amended renumeration policy. Such
forward-looking statements are subject to risks, uncertainties and
other factors that could cause our actual results, performance or
achievements to differ materially from those referred to in the
forward-looking statements and, therefore, the reader should not
place undue reliance on them. These risks, uncertainties and other
factors include, without limitation: the risk that we may not be
able to realize the expected benefits from the proposed one-tier
board structure and the risk that we may not be able to realize the
expected benefits from the appointment of the chair/CEO, or any
other director. For a discussion of other risks and uncertainties
and other important factors, any of which could cause our actual
results, performance or achievements to differ from those contained
in the forward-looking statements, see the section entitled “Risk
Factors” in our most recent Annual Report on Form 20-F filed with
the U.S. Securities and Exchange Commission (SEC), as supplemented
and/or modified by any other filings and reports that we have made
or will make with the SEC in the future. These forward-looking
statements speak only as of the date hereof, and Galapagos makes no
commitment to update any forward-looking statements in this
document, unless specifically required by law or regulation.
- Galapagos announces appointment of Dr. Paul Stoffels as
Chairman of the board
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