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Newly appointed Chief Financial Officer of Moderna quits after 1 day

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Moderna’s Chief financial officer, Jorge Gomez, resigned from his position on Tuesday according to a statement released in a securities filing on 11 May 2022.

The statement read that Moderna,

“today announced that its recently appointed Chief Financial Officer (CFO), Jorge Gomez, has departed the Company, effective immediately.”

“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,” it said.

Dentsply’s voluntary internal investigation focused on whether incentives used to sell products to distributors were properly accounted for. Without disclosing its reasoning, last month the company fired its CEO, Don Casey.

Gomez who served as Dentsply’s Executive Vice President and Chief Financial Officer from August 2019, was appointed as Moderna’s CFO in April.

Gomez officially took up the CFO position on Monday and resigned the following day. The details were released by Moderna on Wednesday 11 May 2022.

Moderna said its recently retired Chief Financial Officer, David Meline; who had taken on a consultancy role with Moderna; will come out of retirement to continue in his role as Chief Financial Officer as of May 11 while Moderna reopens its search for a new CFO.

According to information published in an article by the Epoch Times on May 11,  Gomez will receive a full year’s salary of around $700,000 and will forfeit any form of bonuses he may have been eligible for.

In Moderna’s investors news the company reported Quarter 1 results which included $21 billion in product sales through advanced purchase agreements (APAs) under its Financial Framework.

Despite these recent disruptive developments in Moderna’s company structure, it said that it,

“believes that COVID market dynamics will result in sales slightly larger in the second half of 2022 than in the first half.”

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