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Repligen (RGEN) has provided an announcement.
Repligen Corporation is set for a leadership change as Olivier Loeillot takes over as President and CEO from Tony J. Hunt on September 1, 2024. Hunt will transition to Executive Chair of the board. Loeillot’s new employment agreement includes a substantial base salary, performance bonuses, and a mix of equity awards. Hunt will also receive a restructured compensation package as he becomes an advisor following his term as Executive Chair. Both agreements outline severance benefits under certain conditions, ensuring a structured leadership transition for Repligen.
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