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Bavarian Nordic CEO receives "extraordinary" retention bonus

The Covid-19 pandemic has created high demand for executives with vaccine experience, and Bavarian Nordic has chosen to protect its President and CEO Paul Chaplin from poaching attempts by putting some cash aside to keep him in the fold.

Paul Chaplin, CEO at Bavarian Nordic
BY RITZAU, TRANSLATED BY DANIEL PEDERSEN

Bavarian Nordic, which is developing a Covid-19 vaccine, has given its CEO Paul Chaplin a grant of millions of kroner to keep him in the company.

This is a cash bonus equivalent to one year's base wage, and will be paid out in 2024.

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