Align Technology announced a CEO succession plan, appointing Jennifer L. Davis as President and Chief Executive Officer, effective December 31, 2026. Davis, a former CEO of Procter & Gamble's Global Healthcare business, will succeed Joseph M. Hogan, who is retiring. Hogan will transition to a strategic advisor role for the company after his retirement.
Key Details
- Transition Timeline: Jennifer Davis will join as CEO-elect and a director on November 2, 2026, and will assume the President and CEO role on December 31, 2026. Joseph Hogan will retire on December 31, 2026, and begin a one-year consulting agreement as a strategic advisor.
- New CEO Compensation: Davis's employment agreement includes a $1.3 million annual base salary, a target bonus of 150% of base salary, a $2 million signing bonus, and one-time equity awards with a grant date value of $16.5 million ($9.9M in MSUs and $6.6M in RSUs).
- Outgoing CEO Agreement: Under his new consulting agreement, Hogan will receive an annual fee of $150,000, and his outstanding equity awards will continue to vest during the consulting term.