European pharmaceuticals group Sanofi on Thursday said it had agreed to pay 4.44 million euros ($5.06 million) in total to ousted chief executive Chris Viehbacher.
Viehbacher, who left in October, will receive a payment of 2.96 million euros, which corresponds to his fixed and variable compensation for the year, Sanofi said in a statement.
On top of that, he will pocket 246,750 euros each month for half a year until June 30, or a total of 1.48 million euros, for not working for a competitor.
Viehbacher also undertook not to hire away previous employees of the company for 18 months and signed a confidentiality agreement for 24 months, Sanofi said.
http://www.oann.com/ousted-sanofi-ceo-gets-4-44-million-euro-severance-package/
No comments:
Post a Comment