$5 Million Payout for Viehbacher

January 24, 2015
PharmExec Staff

Sanofi has agreed to pay its former CEO Chris Viehbacher a total of Euro 4.44 million ($5.06 million).

Sanofi has agreed to pay its former CEO Chris Viehbacher a total of €4.44 million ($5.06 million).   Reuters reported this weekend that, on top of that amount, Viehbacher will pocket €246,750 each month for half a year until June 30 (a total of €1.48 million [$1.6 million]), for not working for a competitor.   Although Sanofi's 2013 annual report said Viehbacher was entitled to two years pay "in the event of his removal from office", the total sum is less than the €5.92 million he is entitled to, Reuters reports.  

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