On August 3, 2018, Innoviva, Inc. determined to terminate the employment of Eric d'Esparbes, its Senior Vice President and Chief Financial Officer, “without cause,” effective as of August 17, 2018. In connection with Mr. d'Esparbes separation, the Company also appointed Marianne Zhen, previously the Company's Corporate Controller, as its new Chief Accounting Officer and principal accounting officer. Ms. Zhen will report directly to Geoffrey L. Hulme, the Company's interim principal executive officer.

Prior to her promotion, Ms. Zhen, age 49, has served as the Company's Corporate Controller since February 2016, prior to which she served as the Company's Assistant Controller since joining the Company in October 2014. Ms. Zhen's prior experience includes serving as the Corporate Controller of Steelwedge Software, Inc. from May 2012 to October 2014, the Corporate Controller at Intelmate from June 2011 to April 2012 and the Corporate Controller of Model N, Inc. from October 2007 to June 2011.