tldrdaily.news logo
Tag

Chief Commercial Officer

All articles tagged with #chief commercial officer

business1 year ago

American Airlines Lowers 2Q Forecasts, CCO Resigns

American Airlines has lowered its second-quarter financial forecasts and announced the departure of its Chief Commercial Officer, Vasu Raja. The airline now expects adjusted earnings per share between $1 and $1.15, down from a previous forecast of $1.15 to $1.45. This news led to a 14% drop in American Airlines' shares and declines in other airline stocks. The company also reversed a recent policy change regarding its AAdvantage loyalty program after customer backlash.

via Yahoo Finance|
#airline-industry#american-airlines#business
business2 years ago

Moderna's Commercial Officer Departs in Company Restructuring

Moderna's chief commercial officer, Arpa Garay, has left the company as part of a reorganization aimed at increasing executive focus on sales. Moderna reaffirmed its commitment to driving sales of its Covid-19 and soon-to-be-released RSV vaccines, although Covid-19 vaccine sales have been challenged by declining demand. The company expects Covid-19 vaccine sales to reach a low point in 2024, while Pfizer recently reduced its sales expectations for its Comirnaty shot by $2 billion.

via Endpoints News|
#business#chief-commercial-officer#covid-19-vaccine
business2 years ago

Moderna's Commercial Officer Resigns, CEO Takes Charge of Vaccine Sales

Moderna's Chief Commercial Officer, Arpa Garay, has stepped down from her role, and CEO Stephane Bancel will take over sales and marketing responsibilities. The news caused Moderna's shares to drop by 5%. Garay, who held the position for less than two years, will remain an employee until June 2024. This change comes as Moderna faces weak sales of its COVID vaccine and increased spending on research and development. CEO Bancel will now directly oversee efforts to drive COVID vaccine sales and prepare for the rollout of a vaccine against respiratory syncytial virus (RSV) next year. Moderna expects $4 billion in revenue in 2024 from the sale of COVID and RSV vaccines.

via Reuters|
#business#ceo#chief-commercial-officer