May 19, 2022 | Editor: Martin Wennerström
Moderna’s new CFO leaves after just one day in office
Moderna has announced the departure of its newly appointed CFO Jorge Gomez, one day after his official instatement. His departure comes after his former employer, Dentsply Sirona, announced an internal probe into its recent quarterly financial reporting, and in particular the way it accounted for sales incentives. In April, Dentsply terminated the employment of its CEO Don Casey, without providing details on the underlying circumstances. Jorge Gomez will receive a severance package from Moderna, including 12 months of salary (USD 700,000) and health insurance. Gomez does however forfeit other benefits such as his signing bonus, relocation reimbursements, and new hire equity awards. Retired CFO David Meline will resume his position with Moderna, staying on until a permanent successor is found.
Musk’s tweets found inaccurate in pre-trial decision
BP wins shareholder support on climate strategy
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Nornickel granted permission to continue its London listing
Russian authorities have granted Nornickel permission to maintain is ADR listing until April 28, 2023. The company is the first to receive dispensation from a newly enacted law requiring Russian issuers to terminate their foreign listings. Nornickel’s ADRs, which are to a great extent held by larger shareholders, represent around 20% of the company’s share capital. Other Russian companies, such as NLMK, MMK, Novatek, Sistema, Magnit and En+, are all awaiting an official response to their exemption requests. Approval is not a foregone conclusion, however, as evidenced by Russian authorities refusing a similar request from Gazprom.
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