Veeva CFO Brent Bowman to leave company

According to a regulatory filing, on March 28, 2024, Veeva Systems and Brent Bowman established, via mutual agreement, that Bowman’s tenure as Chief Financial Officer and Principal Financial Officer will end as of the close of business on April 1, 2024. Bowman will remain a Veeva employee for three months to ensure a smooth transition. Tim Cabral, the Company’s CFO from 2010 to 2020 and a current member of Veeva’s board of directors, will serve as Interim CFO and PFO until a replacement is named. A copy of Cabral’s biography is available in Veeva’s definitive proxy statement, filed with the Securities and Exchange Commission on May 10, 2023, and is hereby incorporated by reference. In connection with Mr. Bowman’s departure, his equity grant from the fiscal year ending January 31, 2023 of 10,000 RSUs and 20,000 stock options scheduled to vest on April 1, 2026 will vest as to 9/16th of the RSUs and options on July 1, 2024. Veeva appreciates Bowman’s valuable contributions over his nearly four years of service. The change is not the result of any misconduct, any disagreements between Bowman and Veeva about Veeva’s financial results or Veeva’s accounting principles, practices, and controls, or any issues related to Veeva’s operations, policies, or practices. There is no arrangement or understanding between Mr. Cabral and Veeva pursuant to which Mr. Cabral was appointed as Veeva’s Interim CFO and PFO.