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Annual Report 2021

The world leader in serving science


Our Mission is to enable our
customers to make the world
healthier, cleaner and safer.

Complementary Segments

15% 35%
Analytical Instruments Life Sciences Solutions

15%
Specialty Diagnostics
$39.2B
Revenue

35%
Laboratory Products
& Biopharma Services
To our shareholders,
customers and colleagues
Thank you for your ongoing support of to $39.21 billion. We also generated exceptional
Thermo Fisher Scientific. We are all partners in earnings growth. Our GAAP diluted earnings
our collective success, and together we are per share (EPS) increased 22 percent to $19.46,
building a brighter future for all. I’m extremely and adjusted EPS¹ grew 28 percent to $25.13.
proud of what we achieved in 2021, as we Additionally, we generated very strong free cash
continued to fulfill our Mission and delivered for flow¹ of $6.81 billion.
all our stakeholders. It’s a testament to the strength
of our global team and our proven growth strategy. At the same time, we returned significant capital
to our shareholders through $2.4 billion of stock
I’m deeply grateful to our more than 100,000 buybacks and dividends.
colleagues, who are incredibly passionate about
enabling our customers to make the world healthier, Our success during the year enabled us to advance
cleaner and safer. We know what we do matters, our growth strategy, which consists of three pillars:
and that fuels our success. That’s why we measure • Developing high-impact, innovative new products
our performance, not only by our financial metrics
– but also by how well we serve the needs of our • Leveraging our scale in high-growth and
customers, by the kind of work experience and emerging markets
career opportunities we provide for our colleagues,
• Delivering a unique value proposition to our
by the value we create for our shareholders, and
customers
by the positive impact we have for society. On
all of these fronts, 2021 stands out as another I’ll provide a few highlights of our progress in that
exceptional year for our company. framework.

Track record of outstanding performance Commitment to high-impact innovation


In terms of our financial results, we built on the Starting with the first pillar, it was a fantastic year of
tremendous success we had in 2020. high-impact innovation. During 2021, we invested
Year-over-year, we grew revenue by 22 percent $1.4 billion in R&D across our businesses to deliver

Marc N. Casper
Chairman, President and CEO

¹ Adjusted EPS and free cash flow are non-GAAP financial measures. For a
reconciliation of these non-GAAP measures to comparable GAAP measures,
see pages 6 and 7 of this annual report.

Annual Report 2021 thermofisher.com 1


Strong Track Record of new technologies that are helping our customers
to advance their important work. There were many
Performance highlights throughout the year, and I’ll give you a
few examples.

In mass spectrometry, we extended the impact


Revenue of our industry-leading Orbitrap platform to bring
(In billions)
high-resolution analysis to a range of applications,
including toxicology and metabolomics. In our
electron microscopy business, we introduced the
$39.21
Thermo Scientific Helios 5 EXL Wafer DualBeam
scanning electron microscope to support the
development of increasingly smaller and more
complex semiconductors. In our bioproduction
business, we expanded our line of Thermo
$20.92 Scientific HyPerforma DynaDrive Single-Use
Bioreactors to support efficient single-use
bioprocessing, from pilot scale all the way to
commercial production. And in genetic sciences,
we introduced our new Applied Biosystems
QuantStudio 7 Pro DX Real-Time PCR system,
which enables clinical testing laboratories to
advance molecular diagnostics.
2017 2018 2019 2020 2021
This is just a glimpse of the outstanding technology
innovation going on across our company.

Earnings per share


(In dollars) Leveraging our scale
The second pillar of our growth strategy is
leveraging our scale in high-growth and emerging
markets to continue to create a differentiated
$25.13
experience for our customers. During the year, we
GAAP EPS further strengthened our position by expanding our
Adjusted EPS*
capabilities in these regions.
$19.46
For example, we increased our capacity to
produce single-use technologies by opening
new manufacturing sites in China and Singapore,
supporting both local and global demand from
$9.48
biopharma customers.
$5.59
In South Korea, we enhanced our local capabilities
by opening customer-focused innovation centers
for both the semiconductor industry and our
biopharma customers.
2017 2018 2019 2020 2021
Our ongoing investments and the scale we continue
* Adjusted EPS is defined on pages 6 and 7.
to build in these regions position us well to further
capture growth opportunities for years to come.

2 Annual Report 2021 thermofisher.com


Creating value for our customers Revenue Profile
Our third pillar is delivering a unique value
proposition for our customers. Whether they are
developing new treatments for disease, protecting
our planet, or keeping people safe, our customers 30%
rely on us as a trusted partner in their work. Our
Diagnostics & Healthcare
42%
Pharma & Biotech
collaboration with leading academic medical Markets
centers is one example, as we work together to
develop more targeted diagnostics and therapies
for better patient outcomes. Our support for 13%
Industrial & Applied
the global pandemic response is another, as we
15%
continue our leadership role in enabling COVID-19 Academic & Government

testing and the development and production


of vaccines and therapies. In every part of our
19%
business, the value we create for our customers Asia-Pacific 28%
drives growth for our company. Europe
3%
In 2021, we invested $2.5 billion in capital Rest of World
Regions
expenditures across our businesses to be an even
better partner and accelerate our growth. This 50%
included expanding our capacity and capabilities North America

in bioproduction, pharma services, laboratory


products and biosciences globally.

It was also a very active year of M&A, and we


22%
Services
invested $24 billion in strategic acquisitions,
including the addition of PPD, Inc., which brings
leading clinical research services to our company Products 58%
and complements our existing capabilities to serve Consumables

pharma and biotech customers. This is an exciting 20%


Instruments,
combination because it further enhances our Equipment & Software

Collaborating to benefit patients


Thermo Fisher has always understood the value of developing
deep relationships with our customers, and one example is our
collaboration with leading universities and medical centers on
technology innovation. In 2021, we announced collaborations
with the Mayo Clinic to accelerate development and adoption
Healthier

of more precise and personalized diagnostics for blood-based


cancers; with the University of California, San Francisco, to
increase innovation in cell and gene therapy; and with the
University of California, Davis, on metabolomics research
to advance precision medicine. These are just a few of our
customer collaborations that are redefining what it means for
industry, academia and healthcare to work together to ultimately
benefit patients.

Annual Report 2021 thermofisher.com 3


unique value proposition and creates tremendous • We enhanced reporting and transparency
opportunities for us to help customers reduce the through our expanded Corporate Social
time and cost of bringing new medicines to patients Responsibility report and alignment to multiple
who need them. ESG reporting frameworks.

As always, our Practical Process Improvement (PPI) • We also continued to invest in our Foundation
Business System and our Mission-driven culture for Science, extended our support for COVID-19
were major factors in our success during the year. testing at historically Black colleges and
They enabled the rapid execution of our capital universities, committed to investing $25 million
investments and helped us to find a better way in Black communities and businesses, and
every day so we can continue to bring innovative supported global health equity through COVID-19
new solutions to our customers, work more testing donations to India and a number of low-
efficiently and effectively, and create even greater income countries.
value for all of our stakeholders.
These are only a few of the actions we took in
2021 to expand our ESG initiatives and amplify our
Doing right for the global community social impact.
We realize that our industry leadership position
comes with an obligation to make the world a better Enhancing our vibrant culture
place – not only through the way we enable our
customers – but also through involvement in our Our commitment to doing business the right
communities, through environmental stewardship way extends to the environment we create inside
and through responsible business practices. I’m Thermo Fisher. We continue to build a vibrant
very proud that in 2021 we significantly advanced and inclusive culture, where our colleagues
our environmental, social and governance (ESG) are inspired to bring their best every day and
initiatives: can achieve their career aspirations within our
company. There are many ways we gather
• We committed to achieving carbon neutrality feedback from our colleagues, and one of them is
by 2050, building on our earlier goal to reduce our annual Employee Involvement Survey. It helps
greenhouse gas emissions by 30% across our us understand our strengths as an employer and
operations by 2030. where we can do better. I’m very pleased that our
2021 results were our best yet. Our colleagues

Protecting our planet for


future generations
As the world leader in serving science, we have an opportunity
to be a force for good. That includes operating sustainably
and helping to protect our planet for future generations.
Cleaner

In 2021, Thermo Fisher committed to achieving net-zero


carbon emissions by 2050, building on our goal to reduce
our greenhouse gas emissions 30% by 2030. This supports
the goals of the Paris Climate Agreement and the United
Nations’ Race to Zero campaign. We are moving forward by
making our facilities more energy efficient, increasing our use
of renewable energy and reducing waste in our operations.
We also make a difference by enabling climate research and
the creation of green technologies, while also developing new
products that help our customers achieve their own goals for
environmental stewardship.

4 Annual Report 2021 thermofisher.com


told us they feel very proud of what we do, have why we’ve been able to move with speed at scale
confidence in our leadership, are deeply engaged to navigate a changing environment, strengthen
and feel that we create an inclusive environment our industry leadership, and make such a profound
where their unique backgrounds and perspectives impact for our customers and society overall.
are valued.
All of this makes me confident that the best is yet
I’m also proud that we are included on Forbes’ list to come.
of the world’s most female-friendly companies and
that we’ve received a 100% ranking for LGBTQ+ On behalf of our global team, thank you once
workplace equality from the Human Rights again for your support of Thermo Fisher Scientific.
Campaign for the seventh consecutive year. And I look forward to what we will accomplish in 2022
once again, Fortune has named us one of the and beyond.
World’s Most Admired Companies.

But we know we can always do more, and in Sincerely,


keeping with our culture of continuous improvement,
we’ll never stop working to make Thermo Fisher
even better – for all of our stakeholders.

Looking ahead Marc N. Casper


Chairman, President and Chief Executive Officer
Considering everything we’ve accomplished, 2021
April 7, 2022
was another terrific year for our company. Yet, I’m
even more excited about what lies ahead. We have
unparalleled capabilities, we have an incredible
global team, and we have a profound Mission that
propels us forward to accelerate our momentum.

As the last two years have shown, the world is very


dynamic and will always present challenges. But
Thermo Fisher is a very special place, and it’s in our
DNA to turn challenges into opportunities. That’s

Preserving art treasures


Paintings, sculptures and archeological objects are precious
cultural treasures with many secrets to reveal. But, analyzing
them and even performing restoration can threaten their
long-term conservation. That’s why researchers serving some
of the world’s most renowned art museums rely on our high-
Safer

resolution mass spectrometers and liquid chromatography


instruments to conduct chemical analysis on priceless artwork.
They are able to extract valuable information from minuscule
samples – sometimes no larger than a few grains of sand –
avoiding damage that other analytical methods could cause.
The resulting information can be used to authenticate a
masterpiece, reveal an artist’s techniques and guide the
way the object is handled and preserved.

Annual Report 2021 thermofisher.com 5


Reconciliation of GAAP to non-GAAP financial measures (f)
(Dollars in millions except per share amounts) 2021 2020 2019 2018 2017
Reconciliation of adjusted earnings per share
GAAP diluted earnings per share (EPS) attributable to
Thermo Fisher Scientific Inc. $19.46 $15.96 $9.17 $7.24 $5.59
Cost of revenues charges (a) 0.02 0.01 0.04 0.03 0.31
Selling, general and administrative charges (credits) (b) 0.36 (0.02) 0.15 0.07 0.19
Restructuring and other costs (income) (c) 0.50 0.25 (1.02) 0.12 0.24
Amortization of acquisition-related intangible assets 4.43 4.17 4.25 4.29 4.01
Other income/expense adjustments (d) 1.84 0.30 0.36 0.07 0.05
Benefit from income taxes (e) (1.49) (1.12) (0.60) (0.70) (0.91)
Equity in losses (earnings) of unconsolidated entities 0.01 0.01 — — (0.01)
Discontinued operations, net of tax — — — — 0.01
Adjusted EPS (non-GAAP measure) $25.13 $19.56 $12.35 $11.12 $9.48

Reconciliation of free cash flow


GAAP net cash provided by operating activities $9,312 $8,289 $4,973 $4,543 $4,005
Net cash used in discontinued operations — — — — 1
Purchases of property, plant and equipment (2,523) (1,474) (926) (758) (508)
Proceeds from sale of property, plant and equipment 20 8 36 50 7
Free cash flow (non-GAAP measure) $6,809 $6,823 $4,083 $3,835 $3,505

(a) Adjusted results exclude inventory charges, principally for the sale of inventories revalued at the date of acquisition;
accelerated depreciation on assets to be abandoned as a result of real estate consolidation; and in 2017 charges/credits
to conform the accounting policies of recently acquired businesses to the company's accounting policies.

(b) Adjusted results exclude significant transaction/integration costs (including reimbursements thereof) related to
recent/terminated acquisitions and a divestiture; charges/credits for changes in estimates of contingent acquisition
consideration; charges/income associated with product liability litigation; accelerated depreciation on fixed assets to
be abandoned due to integration synergies and facility consolidations; and in 2017, charges to conform the accounting
policies of recently acquired businesses to the company's accounting policies.

(c) Adjusted results exclude severance and retention costs; abandoned facility and other expenses of headcount
reductions and real estate consolidation; impairments of long-lived assets; significant gains and losses on litigation-
related matters; gains on the sale of businesses, product lines and property; in 2021, charges for compensation due to
employees of acquired businesses at the date of acquisition and net charges for pre-acquisition related matters; in 2021
and 2018, charges/credits for environmental-related matters; in 2018 and 2017, hurricane response costs; and in 2017,
curtailments/settlements of pension plans.

(d) Adjusted results exclude gains and losses on investments; losses on the extinguishment of debt; beginning in 2018,
curtailments/settlements of pension plans; in 2020, charges related to terminated interest rate swaps; and in 2021, 2020,
and 2017, costs to obtain short-term financing commitments related to recent/terminated acquisitions.

(e) Adjusted tax benefit/provision excludes the tax benefits/provisions related to the above excluded items, the impact of
the resolution of significant tax audits, the tax effects from adjusting the company's deferred tax balances as a result of
tax rate changes, and in 2019, 2018, and 2017, adjustments to the impacts of U.S. tax reform legislation.

6 Annual Report 2021 thermofisher.com


(f) Non-GAAP measures

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we
use certain non-GAAP financial measures such as adjusted EPS. We believe that the use of these non-GAAP financial
measures, in addition to GAAP financial measures, helps investors to gain a better understanding of our core operating
results and future prospects, consistent with how management measures and forecasts the company’s core operating
performance, especially when comparing such results to previous periods, forecasts, and to the performance of our
competitors. Such measures are also used by management in their financial and operating decision-making and for
compensation purposes. To calculate adjusted EPS we exclude, as applicable:

• Certain acquisition-related costs, including charges for the sale of inventories revalued at the date of acquisition,
significant transaction/acquisition-related costs, including changes in estimates of contingent acquisition-related
consideration, and other costs associated with obtaining short-term financing commitments for pending/recent
acquisitions. We exclude these costs because we do not believe they are indicative of our normal operating costs.

• Costs/income associated with restructuring activities, such as reducing overhead and consolidating facilities. We
exclude these costs because we believe that the costs related to restructuring activities are not indicative of our
normal operating costs.

• Discontinued operations; equity in earnings of unconsolidated entities; impairments of long-lived assets; and
certain other gains and losses that are either isolated or cannot be expected to occur again with any predictability,
including gains/losses on investments, the sale of businesses, product lines, and real estate, significant litigation-
related matters, curtailments/settlements of pension plans, and the early retirement of debt. We exclude these items
because they are outside of our normal operations and/or, in certain cases, are difficult to forecast accurately for
future periods.

• The expense associated with the amortization of acquisition-related intangible assets because a significant portion
of the purchase price for acquisitions may be allocated to intangible assets that have lives of up to 20 years.
Exclusion of the amortization expense allows comparisons of operating results that are consistent over time for both
our newly acquired and long-held businesses and with both acquisitive and non-acquisitive peer companies.

• The tax impacts of the above items and the impact of significant tax audits or events (such as changes in deferred
taxes from enacted tax rate changes), the latter of which we exclude because they are outside of our normal
operations and difficult to forecast accurately for future periods.

We report free cash flow, which is cash flow from continuing operations, excluding net capital expenditures to provide
a view of the continuing operations’ ability to generate cash for use in acquisitions and other investing and financing
activities. The company uses this measure as an indication of the strength of the company and its ability to generate
cash for use in acquisitions and other investing and financing activities. Free cash flow is not a measure of cash available
for discretionary expenditures since we have certain non-discretionary obligations such as debt service that are not
deducted from the measure.

The non-GAAP financial measures of Thermo Fisher Scientific’s results of operations and cash flows included above are
not meant to be considered superior to or a substitute for Thermo Fisher Scientific’s results of operations prepared in
accordance with GAAP. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP
financial measures are set forth in the tables above.

7
Shareholder Services
Shareholders of Thermo Fisher Scientific who desire information about the company are invited to contact
the Investor Relations Department, Thermo Fisher Scientific Inc., 168 Third Avenue, Waltham, MA 02451,
(781) 622-1111. You may also send an email to investorrelations@thermofisher.com. Material of interest to
shareholders is available from the company’s website at thermofisher.com, under “Investors.”

Stock Transfer Agent


The stock transfer agent for Thermo Fisher Scientific, AST, maintains shareholder activity records. The agent
will respond to questions on issuance of stock certificates, change of ownership, lost stock certificates and
change of address. For these and similar matters, please direct inquiries to: AST, 6201 15th Avenue, Brooklyn,
NY 11219, (800) 937-5449. You may also send an email to help@astfinancial.com, or visit the transfer agent’s
website at astfinancial.com.

Annual Meeting
The annual meeting of shareholders will be held in a virtual meeting format only, via the internet, on
Wednesday, May 18, 2022, at 1:00 p.m. Eastern Time. Please log in to virtualshareholdermeeting.com/
TMO2022 to participate.

Annual Report on Form 10-K


The accompanying Annual Report on Form 10-K for the fiscal year ended December 31, 2021, does not
contain exhibits. Exhibits have been filed with the Securities and Exchange Commission. Upon request to the
Investor Relations Department, the company will furnish, without charge, any such exhibits as well as copies of
periodic reports filed with the Securities and Exchange Commission.

Forward-Looking Statements
This annual report contains “forward-looking statements” within the meaning of Section 21E of the Securities
Exchange Act of 1934. Any statements contained herein that are not statements of historical fact may be
deemed to be forward-looking statements, including, without limitation, statements regarding: projections
of revenues, expenses, earnings, margins, tax rates, tax provisions, cash flows, pension and benefit
obligations and funding requirements, and our liquidity position; cost reductions, restructuring activities, new
product and service developments, competitive strengths or market position, acquisitions or divestitures;
growth, declines and other trends in markets we sell into; new or modified laws, regulations and accounting
pronouncements; outstanding claims, legal proceedings, tax audits and assessments and other contingent
liabilities; foreign currency exchange rates and fluctuations in those rates; general economic and capital
markets conditions; the timing of any of the foregoing; assumptions underlying any of the foregoing; the
expected impact of the COVID-19 pandemic on the company’s business; and any other statements that
address events or developments that Thermo Fisher intends or believes will or may occur in the future. Without
limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects,” “seeks,” “estimates” and similar
expressions are intended to identify forward-looking statements, although not all forward-looking statements
are accompanied by such words. While the company may elect to update forward-looking statements in the
future, it specifically disclaims any obligation to do so, even if the company’s estimates change, and readers
should not rely on those forward-looking statements as representing the company’s views as of any date
subsequent to the date of the filing of this report.

A number of important factors could cause the results of the company to differ materially from those indicated
by such forward-looking statements, including those detailed under the heading, “Risk Factors” in Part I,
Item 1A, in the accompanying Annual Report on Form 10-K for the fiscal year ended December 31, 2021.

8 Annual Report 2021 thermofisher.com


Form 10-K
Consolidated Financial Statements

The world leader in serving science


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Stock performance graph
The following graph and table compare Thermo Fisher Scientific’s total shareholder return for the five-year period ended
December 31, 2021, with the total return for the Standard & Poor’s 500 Index and a weighted blend (80/20, respectively) of the
Standard & Poor’s 500 Healthcare and Standard & Poor’s 500 Industrial Indices.

The comparison assumes that $100 was invested on December 31, 2016, and that dividends were reinvested. Our common stock is
traded on the New York Stock Exchange under the ticker symbol “TMO.”

Comparison of 5-year cumulative total return*


Among Thermo Fisher Scientific Inc., the S&P 500 Index,
and the Weighted S&P 500 Healthcare & Industrial Indices

$600 Thermo Fisher Scientific Inc.


S&P 500
Weighted S&P 500 Healthcare & Industrial Indices
$500

$400

$300

$200

$100

$0
12/16 12/17 12/18 12/19 12/20 12/21

*$100 invested on 12/31/16 in stock or index, including reinvestment of dividends.


Fiscal year ending December 31. 12/16 12/17 12/18 12/19 12/20 12/21
Thermo Fisher Scientific Inc. 100.00 135.03 159.62 232.33 333.88 479.25

S&P 500 100.00 121.83 116.49 153.17 181.35 233.41


Weighted S&P 500
100.00 121.87 124.97 152.78 172.68 216.29
Healthcare & Industrial Indices
Management
ManagementTeam
Team
Marc
MarcN.N.Casper
Casper Konrad
KonradBauer
Bauer
Chairman,
Chairman,President
President
and
and
Chief
Chief
Executive
Executive
Officer
Officer Senior
SeniorVice
Vice
President,
President,
Global
Global
Business
Business
Services
Services

Michel
MichelLagarde
Lagarde Michael
MichaelA.A.Boxer
Boxer
Executive
ExecutiveVice
Vice
President
President
and
and
Chief
Chief
Operating
Operating
Officer
Officer Senior
SeniorVice
Vice
President,
President,
General
General
Counsel
Counsel
and
and
Secretary
Secretary

Gianluca
GianlucaPettiti
Pettiti Lisa
LisaP.P.Britt
Britt
Executive
ExecutiveVice
Vice
President
President Senior
SeniorVice
Vice
President
President
and
and
Chief
Chief
Human
Human
Resources
Resources
Officer
Officer

Stephen
StephenWilliamson
Williamson Paul
PaulG.G.Parker
Parker
Senior
SeniorVice
Vice
President
President
and
and
Chief
Chief
Financial
Financial
Officer
Officer Senior
SeniorVice
Vice
President,
President,
Strategy
Strategy
and
and
Corporate
Corporate
Development
Development

Daniella
DaniellaCramp
Cramp Ryan
RyanJ.J.Snyder
Snyder
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
BioProduction
BioProduction Senior
SeniorVice
Vice
President
President
and
and
Chief
Chief
Information
Information
Officer
Officer

David
DavidJohnston
Johnston Thomas
ThomasGrover
Grover
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
Clinical
Clinical
Research
Research Vice
Vice
President,
President,
Financial
Financial
Operations
Operations

Frederick
FrederickM.M.Lowery
Lowery Joseph
JosephR.R.Holmes
Holmes
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
Customer
Customer
Channels
Channels Vice
Vice
President
President
and
and
Chief
Chief
Accounting
Accounting
Officer
Officer

Monica
MonicaManotas
Manotas Karen
KarenNelson
Nelson
Senior
Senior
Vice
Vice
President
President
and
and
President,
President,
Life
Life
Sciences
Sciences
and
and Chief
ChiefScientific
ScientificOfficer
Officer
Laboratory
LaboratoryProducts
Products
Sandy
SandyB.B.Pound
Pound
Michael
MichaelD.D.Shafer
Shafer Vice
Vice
President
President
and
and
Chief
Chief
Communications
Communications
Officer
Officer
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
Pharma
Pharma
Services
Services
Alan
AlanSachs
Sachs
Daniel
DanielP.P.Shine
Shine Chief
ChiefMedial
MedialOfficer
Officer
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
Analytical
Analytical
Instruments
Instruments
Anthony
AnthonyH.H.Smith
Smith
Mark
MarkSmedley
Smedley Vice
Vice
President,
President,
Tax
Tax
and
and
Treasury,
Treasury,
and
and
Treasurer
Treasurer
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
Genetic
Genetic
Sciences
Sciences
Rafael
RafaelTejada
Tejada
John
JohnSos
Sos Vice
Vice
President,
President,
Investor
Investor
Relations
Relations
Senior
SeniorVice
Vice
President
President
and
and
President,
President,
Speciality
Speciality
Diagnostics
Diagnostics

Board
BoardofofDirectors
Directors
Marc
MarcN.N.Casper
Casper Jim
JimP.P.Manzi
Manzi
Chairman,
Chairman,President
President
and
and
Chief
Chief
Executive
Executive
Officer
Officer Chairman,
Chairman,Stonegate
StonegateCapital
Capital
(private
(private
equity
equity
investments);
investments);Former
Former
Chairman,
Chairman,President
President
and
and
Chief
ChiefExecutive
Executive
Officer,
Officer,
Lotus
Lotus
Development
Development
Thomas
ThomasJ.J.Lynch
Lynch Corporation
Corporation(computer
(computersoftware)
software)
Lead
Lead
Director;
Director;
Chairman
Chairman ofof
the
the
Board
Board
ofof
Directors,
Directors,
TETE
Connectivity
ConnectivityLtd.
Ltd.
(electronics)
(electronics) James
JamesC.C.Mullen
Mullen
Chairman,
Chairman,President
President
and
and
Chief
Chief
Executive
Executive
Officer,
Officer,
Editas
Editas
Medicine,
Medicine,
Inc.
Inc.
Nelson
NelsonJ.J.Chai
Chai (biotechnology)
(biotechnology)
Chief
Chief
Financial
Financial
Officer,
Officer,
Uber
Uber
Technologies
Technologies
Inc.
Inc.
(global
(global
ride-hailing
ride-hailing
technology)
technology) Lars
LarsR.R.Sørensen
Sørensen
Former
Former
President
President
andandChief
Chief
Executive
Executive
Officer,
Officer,
Ruby
RubyR.R.Chandy
Chandy Novo
Novo
Nordisk
Nordisk
A/S
A/S(healthcare)
(healthcare)
Former
Former President,
President,
Pall
Pall
Industrial,
Industrial,
Pall
Pall
Corporation
Corporation
(filtration,
(filtration,
separation
separation
andandpurification
purificationtechnologies)
technologies) Debora
DeboraL.L.Spar
Spar
Professor
Professor
and
and
Senior
Senior
Associate
Associate
Dean,
Dean,
Business
Business
and
and
Global
Global
Society,
Society,
C.C.Martin
MartinHarris
Harris Harvard
Harvard
Business
Business
School
School(education)
(education)
Associate
AssociateVice
Vice
President
President ofof
the
the
Health
Health
Enterprise
Enterprise
and
and
Chief
ChiefBusiness
Business Officer
Officer
and
andProfessor,
Professor,
Dell
Dell
Medical
Medical
School
School
atat Scott
ScottM.M.Sperling
Sperling
The
TheUniversity
University
ofof
Texas
Texasatat
Austin
Austin(healthcare)
(healthcare) Co-Chief
Co-ChiefExecutive
ExecutiveOfficer,
Officer,
Thomas
Thomas
H.H.
Lee
Lee
Partners,
Partners,
L.P.
L.P.
(leveraged
(leveraged
buyouts)
buyouts)
Tyler
TylerJacks
Jacks
President
President
ofof
Break
Break
Through
Through
Cancer
Cancer and
andDavid
David
H.H.
Koch
KochProfessor
Professor
ofof Dion
DionJ.J.Weisler
Weisler
Biology
Biology
atat
thethe
Massachusetts
Massachusetts
Institute
Institute
ofof
Technology
Technology
(research)
(research) Former
FormerPresident
President
andand
Chief
Chief
Executive
Executive
Officer,
Officer,
HPHP
Inc.
Inc.
(information
(information
technology)
technology)
R.R.Alexandra
AlexandraKeith
Keith
Chief
ChiefExecutive
Executive Officer,
Officer,P&G
P&GBeauty,
Beauty,and
and
Executive
Executive
Sponsor,
Sponsor,
Corporate
Corporate
Sustainability,
Sustainability,P&G
P&G (consumer
(consumer
goods)
goods)
Thermo Fisher Scientific Inc.
168 Third Avenue, Waltham, MA 02451 USA
thermofisher.com

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