David Hering, the Chief Executive Officer of Invivyd, Inc. ceased serving as an executive officer and as the Company?s ?principal executive officer?, effective as of April 11, 2024, with his employment terminating on May 11, 2024. The Board of Directors of the Company (the ?Board?) is instituting a search for Mr. Hering?s successor as permanent Chief Executive Officer. In connection with Mr. Hering ceasing to serve as Chief Executive Officer, Mr. Hering has also resigned from the Board pursuant to the terms of the Hering Employment Agreement.

The Board also reduced the size of the Board from nine (9) members to eight (8) members. Appointment of Jeremy Gowler as Interim Chief Executive Officer. On April 11, 2024, the Board appointed Jeremy Gowler, the Company?s current Chief Operating Officer and Chief Commercial Officer, as the Company?s Interim Chief Executive Officer and designated him as the Company?s ?principal executive officer?, effective immediately.

Mr. Gowler will remain as the Company?s Chief Operating Officer and Chief Commercial Officer while serving as Interim Chief Executive Officer. In connection with the management transition and until a permanent Chief Executive Officer is named, Mr. Gowler will work in collaboration with an executive committee of the Board led by Marc Elia, the Chairperson of the Board, which committee, along with the Board, will provide oversight and strategic guidance on the business and affairs of the Company. Mr. Gowler, 47, has served as the Company?s Chief Operating Officer and Chief Commercial Officer since December 2022.

Most recently, Mr. Gowler held the role of Global Head of Commercial for the Biopharmaceutical business of Sandoz (a division of Novartis) from April 2020 until his departure in 2022 to join the Company. Mr. Gowler began his career at Novartis in 2002 and progressed through roles of increasing responsibility in the areas of marketing, sales, medical affairs and operations in Canada, the U.S. and in Switzerland until his departure in 2014. He then joined PaxVax, a private equity backed biotechnology company, where he held the role of VP, Global Commercial from 2014 until October 2018.

PaxVax was sold to Emergent Biosolutions in 2018, where Mr. Gowler became VP of Global Commercial for Emergent?s vaccine business unit until his departure for Sandoz in March 2020. Mr. Gowler holds a BSc with a double major in Biology and Environmental Studies from the University of Victoria and a Dipl T in Marketing Management from the British Columbia Institute of Technology. In connection with Mr. Gowler?s appointment as Interim Chief Executive Officer, the Company and Mr. Gowler entered into an amendment (the ?Gowler Amendment?) to that certain employment agreement, dated September 17, 2022, between the Company and Mr. Gowler, which was filed as Exhibit 10.1 to the Company?s Current Report on Form 8-K filed with the SEC on December 6, 2022 (the ?Gowler Employment Agreement?).

Pursuant to the Gowler Amendment, the Company will pay Mr. Gowler an additional monthly payment of $5,000 while Mr. Gowler serves as Interim Chief Executive Officer.