Moderna CFO Quits After Only One Day on the Job — And Cashes Out With His Entire First-Year Salary

Talk a few fast sprint after securing the money!

Maddie Meyer/Getty Images

Maddie Meyer/Getty Images

On Wednesday, pharmaceutical firm Moderna introduced that its CFO Jorge Gomez left after solely in the future on the job — however he’ll nonetheless be gathering his full 12-month wage.

Prior to accepting his place at Moderna, Gomez served because the Executive Vice President & Chief Financial Officer of Dentsply Sirona Inc. since August 2019.

“The announcement follows the May 10 public disclosure by Mr. Gomez’s former employer, Dentsply Sirona Inc., of an ongoing internal investigation into certain matters, including financial reporting,” Moderna stated in a firm assertion.

The inner probe in query will decide whether or not or not incentives that had been used to assist promote the dental provider’s merchandise to widespread distributors had been “properly accounted for,” per CNBC.

Gomez’ departure is efficient instantly, with just lately retired former CFO of the corporate, David Meline, filling within the place through the interim hiring strategy of a brand new candidate.

Related: Moderna Shares Spike After Company Says Its Covid Booster Increases Antibody Levels Against Omicron

Gomez was introduced as Moderna’s new CFO on April 11, with the place going into impact on May 9.

“It is a privilege for me to join an organization that is focused on developing transformative medicines to address major public healthcare challenges worldwide,” Gomez stated on the time. “I look forward to working with the team on this great mission.”

Gomez’ will nonetheless obtain his $700,000 wage although he’ll not be eligible for his signing bonus or future bonuses throughout the one-year interval.

Denstsply Board member and former Hillrom CEO John Groetelaars is at the moment serving as interim CEO.

The information comes after the April 19 announcement from Dentsply CEO Don Casey had been terminated from his place with the corporate after 4 years, three weeks earlier than the corporate introduced its less-than-stellar Q1 2022 earnings.

“The first quarter was a challenging quarter, and our financial performance and revised outlook reflect the impact of larger-than-expected macroeconomic headwinds and lower-than-expected performance in the United States,” interim CEO Groetelaars informed shareholders.

Moderna, however, had an distinctive first quarter, tripling Covid vaccine gross sales to an estimated $5.9 billion in income which despatched shares skyrocketing over 7% in Wednesday’s premarket buying and selling.

Related: Moderna Says Its Vaccine Is 96% Effective in Teens

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