PFIZER INC

Requests that the Board adopt a lasting policy and amend governing documents so that the roles of Chairman and Chief Executive Officer are held by two separate persons and that the Chairman be an independent director. The proposal allows the Board to appoint an interim non-independent chairman while it seeks an independent Chair and contemplates phased implementation at the next CEO contract renewal or CEO transition. The proponent argues that separation would improve impartial oversight, strengthen management accountability and enhance investor confidence, citing recent share price moves as context. It specifies that a Lead Independent Director should not be considered a substitute for an independent Chairman.