Charles River Labs Announces CFO Resignation and Interim CFO Appointment with Compensation Details

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announced the resignation of Flavia H. Pease as Corporate Executive Vice President and Chief Financial Officer. Michael G. Knell has been appointed as interim Chief Financial Officer. The Compensation Committee approved an increase in Mr. Knell's annual base salary to $500,000, a $10,000 monthly cash payment during his interim term, and a one-time grant of restricted stock units valued at $500,000, vesting over two years.

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About Charles River Laboratories International, Inc.

Charles River Laboratories International, Inc. provides essential services to the pharmaceutical, biotechnology, and life sciences industries. The company specializes in preclinical and clinical lab services, offering clients a comprehensive suite of drug discovery and development services that expedite the process of getting new drugs and therapies to the market. Notably, Charles River's facilities offer expertise in the fields of oncology, immunology, and neuroscience, making it a critical partner for companies working in these therapeutic areas. The firm operates globally, enhancing its customers' ability to operate internationally through its wide network of laboratories and testing facilities. By enabling more efficient drug development cycles and reducing the time to market for new therapies, Charles River Laboratories plays a crucial role in the advancement of medical science and patient care worldwide. The company's commitment to high standards of animal welfare and ethical practices further underscores its reputation as a leader in quality and reliability within the research community.