New AstraZeneca CEO Gets $6.4 Million for Jumping Ship

Afrik Update

Business

By Reuters

   

   Drugmaker AstraZeneca said on Monday its new chief

executive Pascal Soriot was receiving 4 million pounds

($6.44 million) compensation for loss of long-term

incentives from his previous employer Roche.

Soriot's base salary will be 1.1 million pounds a year,    

with a target annual bonus of 100 percent and a target

expected value for annual long-term incentive awards of

250 percent, the company added.