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For investors For media +1 858.836.5971 +1 619.510.1281 investorrelations@resmed.com news@resmed.com Resmed Announces Election of Nicole Mowad-Nassar to Board of Directors and Upcoming Retirement of Rich Sulpizio Mowad-N

Key Takeaway: Resmed has announced the election of Nicole Mowad-Nassar to its board of directors, effective August 15, 2025. Mowad-Nassar, currently President of Specialty and U.S. Therapeutics Operations at AbbVie, brings significant experience in commercial strategy and digital health innovation. The company also noted the retirement of board member Rich Sulpizio, who has been with Resmed for two decades, effective after the upcoming Annual Meeting of Stockholders in November 2025. This leadership transition is seen as a positive step for the company's future direction.

Market Sentiment Analysis

POSITIVE FACTORS

  • Nicole Mowad-Nassar brings extensive experience from AbbVie, indicating strong commercial leadership.
  • The addition of Mowad-Nassar could enhance the board's strategic and operational capabilities.
  • Rich Sulpizio's long-term contributions are acknowledged, providing stability during the transition.

Full Press Release Details

For investors For media
+1 858.836.5971 +1 619.510.1281
investorrelations@resmed.com news@resmed.com
Resmed Announces Election of Nicole Mowad-Nassar to Board of Directors and Upcoming Retirement of Rich
SAN DIEGO, August 18, 2025 -
Resmed (NYSE: RMD, ASX: RMD) today announced the election of Nicole Mowad-Nassar to its board of directors, effective August 15, 2025. The company also announced that board member Rich Sulpizio is thanked for two decades of contributions to
Resmed, and will retire from the board, not standing for reelection at the 2025 Annual Meeting of Stockholders, scheduled for November 19, 2025.
Nicole Mowad-Nassar currently serves as President of Specialty and U.S. Therapeutics Operations at AbbVie. She leads a $6 billion commercial portfolio
spanning more than 17 therapeutic areas and oversees a workforce of 6,000. Over her 30-year career, she has held senior executive roles across commercial strategy, marketing, digital innovation, patient
services, and large-scale business transformation. Her leadership includes both U.S. and global responsibilities, with direct contributions to long-range strategic planning, digital health innovation, and enterprise integration.
At AbbVie, Mowad-Nassar led the commercial integration of the $63 billion Allergan acquisition, one of the largest in industry history. She ensured
continuity across product launches, while minimizing operational disruption.
"Nicole's track record with multiple strategic, commercial, and
operational roles, in the US and globally, at one of the world's largest pharmaceutical companies will add new dimensions of thought and broad healthcare delivery experience to our board," said Mick Farrell, Resmed's Chairman and
CEO. "Nicole brings a sharp commercial lens, a deep commitment to patient access, and a strong orientation toward digital patient engagement. I am impressed by Nicole's personal life journey and her professional insight; she will be a
great addition to our Resmed board of directors."
Mowad-Nassar will serve as an independent director and has been appointed to the Compensation and
Leadership Development Committee. She will stand for reelection with the rest of Resmed's board members at the company's 2025 Annual Meeting of Stockholders.
Rich Sulpizio, who has served on Resmed's board of directors since 2005, will retire following the 2025 Annual Meeting. During his tenure, Rich has
chaired the Compensation Committee, served on the Audit Committee, and most recently chaired the Nominating and Governance committee. Sulpizio is the former President and Chief Operating Officer of Qualcomm, and served on the board of both Qualcomm
and CA Technologies.
"Rich has made extraordinary contributions to Resmed's board over the past two decades,"
said Farrell. "He brought energy, candor, and always with a people-first mindset, to every boardroom conversation. Rich has been, and will continue to be, a mentor to me and many other executives in the tech and healthcare industry; I am proud
to have served on our Resmed board together, and I wish Rich and his family all the best."
Resmed (NYSE: RMD, ASX: RMD) creates life-changing health technologies that people love. We're relentlessly committed to pioneering innovative technology
to empower millions of people in 140 countries to live happier, healthier lives. Our AI-powered digital health solutions, cloud-connected devices and intelligent software make home healthcare more
personalized, accessible, and effective. Ultimately, Resmed envisions a world where every person can achieve their full potential through better sleep and breathing, with care delivered in their own home. Learn more about how we're redefining
sleep health at Resmed.com and follow @Resmed.

Frequently Asked Questions

Who was elected to the Resmed Board of Directors?

Nicole Mowad-Nassar was elected to Resmed's Board of Directors on August 15, 2025.

When will Rich Sulpizio retire from the board?

Rich Sulpizio will retire following the 2025 Annual Meeting on November 19, 2025.

What position does Nicole Mowad-Nassar hold at AbbVie?

Nicole Mowad-Nassar is the President of Specialty and U.S. Therapeutics Operations at AbbVie.

What committee will Mowad-Nassar join at Resmed?

Nicole Mowad-Nassar will serve on the Compensation and Leadership Development Committee.

How long did Rich Sulpizio serve on Resmed's board?

Rich Sulpizio served on Resmed's board for two decades, starting in 2005.

Last updated: Aug 18, 2025