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Amarin (AMRN) has provided an update.
Amarin Corporation plc has appointed Aaron Berg as the new President and CEO, effective June 4, 2024, with him also joining the board of directors. Berg’s contract includes a $700,000 base salary, potential cash incentives, and a performance-based stock option for 5 million shares subject to achieving specific share price targets. Additionally, his agreement outlines substantial severance benefits under certain termination conditions, along with a personal $100,000 share purchase commitment. The financial community may view these leadership changes and incentives as pivotal for Amarin’s strategic direction and stock performance.
For an in-depth examination of AMRN stock, go to TipRanks’ Stock Analysis page.
