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Gotrade News - Jennifer L. Davis has resigned from the board of directors of AbbVie Inc. (ABBV) effective Monday, November 2, 2026, according to AbbVie's Form 8-K filing with the SEC. The filing says she is leaving in light of her recent appointment as Chief Executive Officer at Align Technology, Inc.
Regular-session close on November 2, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
What AbbVie Announced
On Wednesday, October 28, 2026, Davis, a Class II director of AbbVie, notified the company's Board of Directors of her intent to resign from the board, effective Monday, November 2, 2026, according to the filing. AbbVie reported the departure under Item 5.02 of the Form 8-K, in a filing that came out at 4:05 p.m. ET on Monday.
The filing gives her recent appointment as Chief Executive Officer at Align Technology, Inc. as the reason for her decision. Align's own Form 8-K sets out that appointment: its board named Davis CEO-elect and a director effective Monday, November 2, 2026, and President and CEO effective Thursday, December 31, 2026, when Joseph M. Hogan retires from that role.
According to Align's filing, Davis has served on AbbVie's board since 2023. Before joining Align, she was Chief Executive Officer, Health Care of The Procter & Gamble Company from 2022 through June 2026.
Why It Matters for ABBV
The change is at the board level: the filing reports the resignation of one director and does not report a change to any of AbbVie's officers. AbbVie states in the filing that her resignation is not the result of any dispute or disagreement with AbbVie on any matter relating to its operations, policies or practices.
The filing does not name a replacement for her seat, and it does not say whether the board plans to fill the seat or change its size.
What to watch next: AbbVie pays its quarterly cash dividend of $1.73 per share on Monday, November 16, 2026, to stockholders of record at the close of business on Thursday, October 15, 2026.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
This article was written with the help of AI and checked by the Gotrade team before publishing.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
