Baxter names Andrew Hider CEO, effective by Sept. 3, 2025; Brent Shafer to become chair
Baxter International appointed Andrew Hider, CEO of ATS Corporation since 2017, as president and chief executive officer and a director, effective on the earlier of September 3, 2025 or a date the company and Hider agree, subject to his existing contractual obligations. Brent Shafer, interim CEO and chair since February 2025, will move to non-executive chair and rejoin two board committees as an independent director. The filing discloses Hider's pay package, including a $1,350,000 base salary, a 150% target bonus and a $14,000,000 annual long-term incentive target value.
Key points
- Hider's effective date is the earlier of September 3, 2025 or a date agreed with Baxter, subject to his current employer obligations
- Base salary of $1,350,000 with a target annual bonus of 150% of salary and a $14,000,000 LTI target value
- One-time sign-on package includes a $1,000,000 cash payment and a $4,000,000 supplemental equity award, plus a $5,750,000 RSU and $2,750,000 PSU make-whole award
- Board size increases to eleven directors to accommodate Hider's appointment
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.