With a salary of $ 700,000: Moderna CFO has to leave after two days

With a salary of $700,000
Moderna chief financial officer to leave after two days

Shortly after taking office as the new CFO of Moderna, Jorge Gomez has already had to resign. According to the biotech company, the reason is an internal investigation at his former employer. It is about irregularities in sales incentives.

Moderna’s new chief financial officer, Jorge Gomez, has left the US biotech company after just two days in office. The reason for his surprising departure is an internal investigation into his former employer’s financial reporting, as announced by Moderna Inc two days after Gomez took office. Moderna stock is down one percent in early US trade.

Prior to joining Moderna, Gomez was CFO at Dentsply, a manufacturer of dental products and technology, since 2019. Dentsply Sirona Inc announced that it is investigating the use of incentives to sell products to distributors in the third and fourth quarters of 2021 and allegations that executives used these incentives to achieve their own compensation goals.

Gomez takes twelve months’ salary with him

Because of this internal investigation, the submission of documents on the past quarter to the US Securities and Exchange Commission and the conclusion of the quarterly report are being delayed. “The investigation is ongoing and the Company cannot predict the duration or outcome of the investigation,” Dentsply said.

Moderna went on to say that recently retired Chief Financial Officer David Meline will return to the company on May 11 while Moderna is looking for a new CFO. Despite his short time in the post, Gomez is making a tidy sum: According to Moderna, he receives twelve monthly salaries totaling $700,000 and waives his signing bonus and entitlement to a bonus.

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