Ian Smith, Vertex
Ian Smith has had his position as CFO at Vertex terminated as a result of “personal behaviour that violated Vertex’s code of conduct and values.”
The company is yet to reveal exactly what the nature of his misconduct was, only that it was unrelated to the financial and business performance of the company.
The decision sees Paul Silva, SVP and chief accounting officer take on the role of interim CFO, effective immediately. However, the company will still be searching for a permanent replacement for Smith.
“At Vertex, we are deeply committed to our culture of diversity, inclusion and respect, and we insist that all of our employees, regardless of their seniority, live our values and adhere to our code of conduct,” said Jeffrey Leiden, CEO of Vertex, regarding the decision to terminate Smith’s contract.
The move to terminate Smith’s employment came after an independent investigation carried out by WilmerHale.