Moderna CFO leaves a day after taking office as ex-employer launches investigation

Moderna CFO leaves a day after taking office as ex-employer launches investigation

The probe, which may cause a delay in the dental products maker’s quarterly filing with U.S. securities regulators, was focused on the use of incentives to sell products to distributors and whether those were properly accounted.

Moderna Inc’s CFO, Jorge Gomez, left a day after taking charge, the vaccine maker said on Wednesday, following his previous employer unveiling an internal probe connected to financial reporting. Gomez’s appointment was declared in April and he accepted charge on Monday. Moderna said he left on Tuesday after Dentsply Sirona Inc declared the investigation. Dentsply last month fired its then-CEO Don Casey without uncovering a reason.

Gomez was not immediately available for comment when contacted on LinkedIn, while Moderna did not have additional comments beyond the press release and the filing.

Moderna said recently retired finance chief David Meline will return, as the company reopens its search for a new CFO.

“It’s tough optics for Moderna. They spent a lot of time and effort hiring the new CFO. However, it seems the problem was at the previous company, and should have no impact on Moderna,” said Oppenheimer & Co analyst Hartaj Singh.

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

Moderna’s shares fell 1% to $130.98 in early trading.

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