Dr. Yitzhak Peterburg became Teva’s Chairman of the Board of Directors on January 1, 2015, after rejoining Teva’s Board of Directors in 2012. This follows the mutual agreement between the Board of Teva and former CEO, Erez Vigodman, that Mr. Vigodman is stepping down. Mr. Vigodman’s service on the Teva Board of Directors has also ended. The Company’s Board of Directors is undertaking a search to identify a permanent Chief Executive Officer with the assistance of a search firm.