Management ChangeMay 19, 2026, 04:13 PM
Amgen CFO Peter Griffith to retire; Thomas Dittrich appointed
AI Summary
Amgen Inc. announced that Peter H. Griffith will retire from his role as Executive Vice President and Chief Financial Officer, effective August 31, 2026. He will continue in a non-executive capacity until January 31, 2027, and will receive retirement benefits. Concurrently, Thomas Dittrich has been appointed as the new Executive Vice President and Chief Financial Officer, effective September 1, 2026, after serving as an Executive Vice President from July 1, 2026. Mr. Dittrich's compensation package includes an annual base salary of CHF 1,070,000, significant equity awards, and one-time bonuses totaling CHF 14.55 million to compensate for foregone compensation and relocation.
Key Highlights
- Peter H. Griffith to retire as Executive Vice President and CFO, effective August 31, 2026.
- Griffith will remain in a non-executive role until January 31, 2027, receiving retirement benefits.
- Thomas Dittrich appointed as new Executive Vice President and CFO, effective September 1, 2026.
- Dittrich's annual base salary set at CHF 1,070,000, with a target bonus of 100% of base salary.
- Will receive 2026 long-term incentive awards with a target value of CHF 4,500,000.
- Granted a one-time RSU award of CHF 4,700,000 and a cash bonus of CHF 4,000,000.
- Will receive a one-time, two-year retention bonus of CHF 5,800,000.
- Relocation allowance of CHF 250,000 for move to Thousand Oaks, California.
Price Impact
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