Moderna CFO leaves one day after taking over as former employer launches investigation According to Reuters
© Reuters. The Moderna logo and stock graph shown in this illustration was taken, May 3, 2022. REUTERS / Dado Ruvic / Illustration
(Reuters) -Moderna Inc’s chief financial officer, Jorge Gomez, has left a day after taking the helm, the vaccine maker said on Wednesday, after his former employer revealed an internal investigation financial reporting department.
Gomez’s appointment was announced in April and he will assume responsibility on Monday. Moderna (NASDAQ 🙂 said he left on Tuesday after Dentsply Sirona Inc announced the investigation.
The investigation, which could cause a delay in the dental product manufacturer’s quarterly filings with US securities regulators, focuses on the use of incentives to sell products. products to distributors and whether they are properly accounted for.
Last month, Dentsply fired CEO Don Casey without disclosing the reason.
Gomez was not immediately available for comment when contacted on LinkedIn, while Moderna had no further comment beyond the press release and profile.
Moderna says recently retired chief financial officer David Meline will return, as the company reopens looking for a new chief financial officer.
“It’s a tough optical problem for Moderna,” said Oppenheimer & Co analyst Hartaj Singh. They spent a lot of time and effort hiring the new CFO. However, it appears the problem is with the previous company and will not affect Moderna.”
Gomez will receive 12 months of salary, totaling $700,000, and will be stripped of signing rights and bonus eligibility, the vaccine maker said.
Shares of Moderna fell 1% to $130.98 in early trading.
