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Our biosciences business includes reagents, instruments and consumables that help our customers conduct biological and medical research in areas such as molecular biology and protein biology, discover new drugs and vaccines, and enable the diagnosis of infection and disease.
−Removed: Our genetic sciences business combines a wide variety of instruments and related reagents used to provide high-value genomic solutions to assist customer decisions in the research, clinical, healthcare and applied markets.
+Added: Our genetic sciences business combines a wide variety of instruments and related reagents used to provide high-value genomic and proteomic solutions to assist customer decisions in the research, clinical, healthcare and applied markets.
Our bioproduction business supports developers and manufacturers of biological-based therapeutics and vaccines with a portfolio of premium solutions and services focused on upstream cell culture, downstream purification, analytics for detection and quantitation of process/product impurities, and a suite of single-use solutions spanning the biologics workflow.
10 unchanged sentences
Our electron microscopy business serves customers in the life sciences, materials sciences, and semiconductor markets providing leading research tools;
−Removed: and also, in the semiconductor market provides integrated workflows that power research development and production solutions.
+Added: and also, in the semiconductor market provides integrated workflows that power research and development and production solutions.
Specialty Diagnostics Segment
77 unchanged sentences
In 2023, the design of a groundwater treatment plant was fully approved by USEPA.
−Removed: Construction is expected to commence in 2024, and the plant is expected to be fully operating by April 2025.
+Added: Construction commenced in 2024, and the plant is expected to be fully operating by April 2025.
In 2011, our Life Technologies subsidiary entered into a consent decree with the USEPA and other responsible parties to implement a groundwater remedy at the former Davis Landfill Superfund site in Smithfield, Rhode Island.
29 unchanged sentences
Our Mission is not only a differentiator for us externally, but a motivator for us internally.
−Removed: Our culture is rooted in our 4i Values of Integrity, Intensity, Innovation and Involvement.
+Added: Our culture is a competitive advantage and is rooted in our 4i Values of Integrity, Intensity, Innovation and Involvement.
+Added: Our values are woven into our ways of working, embedded in every stage of our colleague lifecycle - from recruiting to onboarding, training, development and longer-term career planning.
Within this framework, we strive to create a safe, fair and positive working environment for our colleagues around the world.
We want our teams to feel they have a stake in our success, a voice in our direction and to be empowered to make a difference for the key stakeholders we serve.
−Removed: Every year, we conduct an Employee Involvement Survey to solicit direct feedback from our colleagues on what we’re doing well and where we need to improve.
+Added: We also prioritize engagement, empowerment and continuous improvement to enable colleagues to contribute, collaborate and innovate.
+Added: To advance this goal, we conduct an annual Employee Involvement Survey to solicit direct feedback from our colleagues on what we’re doing well and where we need to improve.
We then compile the feedback to measure our progress using three key indices:
1 unchanged sentence
Our continued focus on enhancing our culture helps position our company to be an even better place to work.
−Removed: We are committed to maintaining the strongest team in our industry, focusing on developing and retaining our colleagues, while leveraging our leadership to attract new colleagues to our company.
+Added: We are committed to maintaining the strongest team in our industry, focusing on developing and retaining our colleagues, while leveraging our Mission and leadership brand to attract new colleagues to our company.
As of December 31, 2024, we employed approximately 125,000 colleagues globally, with an approximate regional distribution as follows:
60,000 based in the Americas, 22,000 in the Asia-Pacific region, and nearly 43,000 in Europe, the Middle East and Africa (EMEA).
−Removed: Culture of Inclusion
−Removed: We recognize that the future aspirations outlined in our Vision for 2030, which serves as our long-term roadmap, will only be achievable if we have a culture that values diversity of backgrounds, experiences and viewpoints.
−Removed: When differences among colleagues are welcomed and supported, we create an inclusive workplace that unlocks the true benefits of diversity and promotes conditions for sustained success.
−Removed: Diversity and Inclusion (D&I) is not an initiative at Thermo Fisher.
−Removed: It’s woven into the fabric of our culture, and our ways of working, embedded in every stage of our colleague lifecycle - from recruiting to onboarding, training, development and longer-term career planning.
−Removed: Our colleagues are encouraged to openly share the wide range of perspectives they represent.
−Removed: Progress is measured and reviewed on a range of D&I factors to help inform our efforts and initiatives, including those related to diversity within our workforce.
−Removed: We understand the critical role diversity plays in sustained business success, so we strive to have a workforce that represents the customers we serve.
−Removed: Further, to provide additional transparency to our U.S.
−Removed: workforce demographics, following our report submission to the U.S.
−Removed: Equal Employment Opportunity Commission, we disclose our EEO-1 report on our website each year.
−Removed: Our inclusive culture is a competitive advantage, and we prioritize colleague engagement and empowerment to contribute, collaborate and innovate.
−Removed: For example, in 2023, Thermo Fisher was recognized as a Top Company for Women and Best Employer for Diversity by Forbes, a Best Place to Work for Disability Inclusion, and a top scorer on the Human Rights
−Removed: THERMO FISHER SCIENTIFIC INC.
−Removed: Campaign’s Corporate Equality Index for LGBTQ inclusion.
−Removed: Establishing this kind of environment is critical for our colleagues, where they can contribute their best ideas and bring their true selves to work each day.
−Removed: We are also committed to ensuring our colleagues have access to resources, awareness training and internal networks that offer support and guidance.
−Removed: Our D&I strategy is greatly enabled by our Business Resource Groups (BRGs), which bring together individuals with similar interests to share experiences, learn from each other and collaborate to identify solutions to business challenges.
−Removed: Our BRGs reinforce that all colleagues can make a difference for our customers, for each other and for our company.
−Removed: As of December 31, 2023, we had 9 global BRGs, with more than 230 local BRG chapters.
−Removed: Talent Development
+Added: In today’s environment, we know talent is a key differentiator, and that building the strongest team in the industry is critical to our future.
Our overarching goal from a talent perspective is to create opportunities for our colleagues to achieve their full potential and career aspirations here at Thermo Fisher.
−Removed: We focus on the entire lifecycle of a colleague’s career, from their initial recruitment, to onboarding, through ongoing development.
We encourage and support colleagues to enhance their skills, so they are in the best position to deliver on their goals and achieve their career objectives.
−Removed: In today’s environment, we know talent is a key differentiator, and that building the strongest team in the industry is critical to our future.
−Removed: From our colleague referral program, summer internships, university relations, to our Graduate Leadership Development Program, we continue to build strong internal and external sourcing channels.
+Added: From our colleague referral program, summer internships, university relations, to our Graduate Leadership Development Program, we continue to build strong internal and external talent channels.
Once on board, talent development at Thermo Fisher is a key organizational capability.
−Removed: We continue to make significant investments to support our colleagues along every step of their career journey to help support their success.
+Added: We continue to make significant investments to support our colleagues along every step of their career journey.
Our talent development framework incorporates a multi-faceted approach, including formal and self-paced training, networking opportunities, on-the-job stretch learning, coaching, mentoring and manager training utilizing contemporary technology solutions to support the broad needs of our workforce.
1 unchanged sentence
We also support our colleagues’ career advancement through our tuition reimbursement program.
+Added: THERMO FISHER SCIENTIFIC INC.
In a company our size, we can also actively manage our talent through rotational opportunities across our businesses, functions and geographies that help our colleagues gain new experiences, share knowledge and broaden their skills.
1 unchanged sentence
Thermo Fisher is dedicated to talent development to meet our evolving business needs and to provide our colleagues with opportunities for long and fulfilling careers.
−Removed: Our colleagues are passionate about our company, and their role in our success, and it’s our responsibility to help them reach their full potential.
−Removed: Total Rewards
−Removed: We offer a comprehensive total rewards package that we regularly evaluate and measure against established benchmarks to ensure its effectiveness in recruiting and retention, and to position Thermo Fisher as an employer of choice.
−Removed: Our health and wellness programs provide competitive, flexible programs that our global colleagues and their families can count on.
+Added: Further, our total rewards package is regularly evaluated and measured against established benchmarks to ensure its effectiveness in recruiting and retention, and to continue to position Thermo Fisher as an employer of choice.
+Added: We deliver comprehensive rewards, including competitive base pay, and also provide a variety of incentive and equity programs that, by design, directly link the impact of colleague contributions to the company’s overall success.
+Added: Our health and wellness programs provide competitive, flexible benefits that our global colleagues and their families can count on.
For example, for U.S.
1 unchanged sentence
a wellness program, including valuable health incentive opportunities and tax-advantaged savings and spending accounts;
−Removed: as well as commuter benefits, employee assistance programs, optional group legal coverage, and company-paid disability, accident and life insurance.
+Added: as well as commuter support, employee assistance programs, optional group legal coverage, and company-paid disability, accident and life insurance.
We also offer a company-paid proprietary program for cancer care called the Impact Program, which gives our colleagues and their families access to personalized support and direct lines of communication to experts in cancer genetics and genomics.
1 unchanged sentence
We also invest in our colleagues’ financial health, helping them to grow and protect their savings, plan for the future and share in the success of the company they are helping to build.
−Removed: We deliver comprehensive rewards, including competitive base pay, and also provide a variety of incentive and equity programs that, by design, directly link the impact of colleague contributions to the company’s overall success.
Available Information
2 unchanged sentences
The public can obtain any documents that we file with the SEC at www.sec.gov.
−Removed: We also make available free of charge on or through our own website at www.thermofisher.com our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on
−Removed: THERMO FISHER SCIENTIFIC INC.
−Removed: Form 8-K and, if applicable, amendments to those reports filed or furnished pursuant to Section 13(a) of the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.
+Added: We also make available free of charge on or through our own website at www.thermofisher.com our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and, if applicable, amendments to those reports filed or furnished pursuant to Section 13(a) of the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC.
In addition, paper copies of these documents may be obtained free of charge by writing to the company care of its Investor Relations Department at our principal executive office located at 168 Third Avenue, Waltham, Massachusetts 02451.
10 unchanged sentences
President and Chief Operating Officer, Patheon N.V.
+Added: Lowery 54 Executive Vice President (2024) Senior Vice President and President, Customer Channels (2021-2024)
+Added: Senior Vice President and President, Life Sciences Solutions and Laboratory Products (2017-2021)
Gianluca Pettiti 46 Executive Vice President (2021) Senior Vice President and President, Specialty Diagnostics (2019-2021)
1 unchanged sentence
President, China (2015-2017)
+Added: Shafer 56 Executive Vice President (2024) Senior Vice President and President, Pharma Services (2019-2024)
+Added: President, Materials and Structural Analysis (2016-2019)
+Added: THERMO FISHER SCIENTIFIC INC.
+Added: Name Age Present Title
+Added: (Fiscal Year First Became Executive Officer) Other Positions Held
Boxer 63 Senior Vice President and General Counsel (2018) Senior Vice President, General Counsel and Secretary (2021-2022)
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.