Gavin Hattersley

About Gavin D.K. Hattersley

Gavin D.K. Hattersley (age 62) is an independent director of Zoetis, serving since April 2024 and sitting on the Corporate Governance and Sustainability Committee. He is President and Chief Executive Officer of Molson Coors Beverage Company and previously served as CFO of both Molson Coors and MillerCoors; he holds an honors degree in Accounting Science and a bachelor’s degree from the University of South Africa . The Board identifies his core credentials as senior public company leadership (CEO and former CFO), international business, consumer products expertise, and public company board experience .

Past Roles

Organization	Role	Tenure	Committees/Impact
Molson Coors Beverage Company	President & CEO	2019–present	Public company leadership; global operations
MillerCoors (U.S. division of Molson Coors)	Chief Executive Officer	2015–2019	Led U.S. beer operations
Molson Coors Beverage Company	Chief Financial Officer	2012–2015	Finance leadership; capital allocation
MillerCoors	EVP & Chief Financial Officer	2008–2012	Integration and finance oversight
Miller Brewing Company	SVP Finance	2002–2008	Business unit finance management
SAB Limited (Johannesburg, South Africa)	CFO (preceded by multiple finance roles)	CFO in 1999; roles since 1997	Corporate finance; international experience
Barloworld Limited	Various finance positions	~10 years (pre-1997)	Early career finance roles

External Roles

Organization	Role	Tenure	Notes
Molson Coors Beverage Company	Director	Since Sep 2019	Also serves as CEO

Board Governance

Committee memberships: Corporate Governance & Sustainability (member). The committee met 6 times in 2024 and oversees director nominations, related person transactions policy, director compensation recommendations, and sustainability oversight .
Independence: The Board reaffirmed in February 2025 that Hattersley is independent under NYSE standards and Zoetis’ Director Qualification Standards .
Attendance: In 2024, each director attended at least 75% of Board and applicable committee meetings; the Board met five times in 2024 .
Board tenure: 1 full year as of March 20, 2025 .
Executive sessions: Board holds regular executive sessions led by the independent Board Chair .

Fixed Compensation

Component	2024 Details	Amount
Annual cash retainer	Non-employee director retainer (partial year service)	$75,000
Equity retainer (RSUs)	Granted April 1, 2024; 1,436 RSUs at $167.02 per unit; time-based vest on first anniversary	$240,000 grant-date fair value
Total 2024 director compensation	Cash + stock awards	$315,000
Policy baseline (directors)	Standard annual cash retainer	$100,000 (paid quarterly)
Policy baseline (Board Chair)	Additional cash retainer	$150,000
Policy baseline (Committee Chair)	Additional cash retainer	$25,000
Equity retainer (policy)	Value per annual grant	$240,000 in 2024; increased to $250,000 for 2025
RSU vesting	Vesting schedule	RSUs vest on first anniversary of grant; dividend equivalents accrue as RSUs

Performance Compensation

Performance Metric	Applies to Director Pay?	Notes
Relative TSR / financial metrics	No	Director equity awards are time-based RSUs; no performance metrics tied to director compensation

Other Directorships & Interlocks

Current public company board: Molson Coors Beverage Company (since September 2019) .
Overboarding: Zoetis policy limits executive officers of public companies to ≤2 public boards including Zoetis; Hattersley serves on Molson Coors (as CEO) and Zoetis, which is within the policy .
Related-party transactions: Zoetis discloses no related person transactions in 2024; CG&S Committee administers a formal related persons policy .

Expertise & Qualifications

Senior public company leadership (current CEO; former CFO) .
International business and consumer products domain expertise .
Public company board experience .
Education: Honors degree in Accounting Science and bachelor’s degree, University of South Africa .

Equity Ownership

Category	Amount	Notes
Common shares beneficially owned	2,216	As of March 20, 2025
Deferred stock units	0	No DSUs listed for Hattersley
Vested options	0	Directors do not receive options; none listed
RSUs outstanding (incl. dividends)	1,447	As of Dec 31, 2024
Anti-hedging/anti-pledging	Prohibited	Directors may not hedge or pledge Zoetis shares; insider trading policy filed with 10-K
Director ownership guidelines	$500,000 minimum	Five years to achieve; includes RSUs/deferral units (excludes options/performance awards)

Governance Assessment

Strengths: Independent director with deep CEO/CFO experience in scaled consumer businesses; active member of CG&S committee that oversees board composition, related-party policy, and sustainability; attendance threshold met; compensation structure aligns with shareholders via annual time-based RSUs and cash retainer; anti-hedging/pledging policies in place .
Alignment: Director equity is delivered in RSUs that vest after one year; ownership guidelines require significant, sustained shareholding; Hattersley holds 2,216 shares plus 1,447 RSUs outstanding as of 12/31/2024 .
Conflicts/Red flags: No related person transactions disclosed for 2024; external role at Molson Coors presents negligible direct interlock risk with animal health; service levels comply with Zoetis overboarding policy; no pledging/hedging allowed .
Governance environment: 2024 say-on-pay approval was 91%, indicating shareholder support for Zoetis’ compensation and governance approach .