Moderna’s recently appointed CFO is out after former employer Dentsply discloses internal probe of financial reporting

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Moderna Inc. MRNA, -2.56% said Wednesday its recently appointed chief financial officer, Jorge Gomez, has departed the company with immediate effect. The company said the move comes after the May 10 disclosure from Dentsply Sirona Inc. XRAY, -7.31% of an internal investigation into certain matters, including financial reporting. Dentsply, which makes dental products and technology, said it was late filing its 10-Q quarterly earnings form with the Securities and Exchange Commission because of the investigation. “The investigation is ongoing, and the Company cannot predict the duration or outcome of the investigation,” said the filing. “As a result, the Company has not yet finalized its financial statements or its assessment of the impact of the investigation on its historical financial statements or for the financial statements for the three months ended March 31, 2022, and is therefore unable to file the Form 10-Q on a timely basis.” Moderna said its recently retired CFO David Meline will come out of retirement as of May 11 while the company conducts a new CFO search. Moderna named Gomez CFO on April 11, effective May 9. Moderna shares were down 2.6% premarket and have fallen 48% in the year to date, while the S&P 500 SPX, +0.25% has fallen 16%.

Source: Marketwatch

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