Avantor, Inc. Appoints Todd Garner as CFO, Effective Sept 21, 2026

What Happened

• Avantor, Inc. announced the appointment of Todd Garner as Executive Vice President and Chief Financial Officer, effective September 21, 2026. Mr. Garner will join the Company’s Executive Leadership Team and serve as principal financial officer. He was previously Executive VP & CFO of CONMED Corporation (Jan 2018–Mar 2026) and held senior financial roles at C.R. Bard. The Company furnished a press release on September 21, 2026 announcing the appointment.

Key Details

• Employment letter dated September 17, 2026: annual base salary of $700,000.
• Annual target cash bonus: 80% of base salary (pro‑rated for 2026 based on start date).
• One‑time signing bonus: $150,000 (subject to repayment if Mr. Garner departs before one year).
• Initial long‑term equity grant target: $1,500,000 — 50% restricted stock units (RSUs) vesting ratably over 2 years; 50% stock options issued at a 10% premium to the grant‑date close, vesting ratably over 3 years.
• Future long‑term incentive target: $3,000,000 annually (aligned with other Executive Leadership Team members).
• Mr. Garner is a CPA, holds a BS in accounting and an MBA; upon his start, Steven Eck will stop serving as Interim CFO but remain Senior VP and Chief Accounting Officer.
• Mr. Garner will be eligible for the Company’s Executive Severance and Change in Control Plan as previously disclosed.

Why It Matters

• This is a material leadership change in Avantor’s finance function: a permanent CFO replaces the interim arrangement, which can affect investor confidence in financial leadership and execution.
• The disclosed compensation and equity awards indicate the near‑term cash and potential dilution implications for shareholders (signing bonus, base pay, and sizeable equity grants).
• Investors should note the vesting schedules and eligibility for severance/change‑in‑control protections, and watch for any subsequent disclosures or filings (press release and employment letter are attached as exhibits).