Moderna CFO leaves within a day as former employer launches probe

Moderna CFO leaves within a day as former employer launches probe
Reuters
Rate Story
Share
Font Size
Save
Comment
Synopsis

Gomez's appointment was announced in April and came into effect on Monday. Moderna said he left on Tuesday after Dentsply Sirona said it will not file its quarterly report with U.S. securities regulators on time due to the investigation.

Agencies
Moderna said recently retired CFO David Meline will return to the role of finance chief.
Moderna Inc said on Wednesday its Chief Financial Officer Jorge Gomez departed within a day of taking charge after his former employer Dentsply Sirona Inc disclosed an internal probe related to financial reporting.

Gomez's appointment was announced in April and came into effect on Monday. Moderna said he left on Tuesday after Dentsply Sirona said it will not file its quarterly report with U.S. securities regulators on time due to the investigation.

The investigation by the dental products maker was focused on the use of incentives to sell products to distributors and whether those incentives were properly accounted for.

Moderna said recently retired CFO David Meline will return to the role of finance chief.

Gomez will receive 12 months' salary, totaling $700,000, and forfeit his signing bonus and bonus eligibility, the vaccine maker said.
Print Edition

Read the Print Edition now!

Indulge in digital reading experience of ET newspaper exactly as it is.

Read Now

Read More News on

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more

ETPrime stories of the day

10 mins read
7 mins read
12 mins read