Summary
Amgen Inc. (AMGN) has announced the appointment of Linda H. Louie as Vice President, Finance and Chief Accounting Officer (CAO), effective July 23, 2020. Ms. Louie will serve as the company's principal accounting officer. This appointment reflects continuity within Amgen's finance department, as Ms. Louie has a long tenure with the company, having held various accounting and finance roles since 2000, most recently as Executive Director, Accounting since June 2015. Investors should note Ms. Louie's compensation package, which includes an annual base salary of $425,000, an annual bonus target of 40% of her base salary, and a restricted stock unit award valued at $320,000. This equity award brings her total 2020 equity grant value to $520,000. The company has also confirmed there are no family relationships between Ms. Louie and any existing directors or officers.
Key Highlights
- 1Amgen appointed Linda H. Louie as Vice President, Finance and Chief Accounting Officer (CAO) effective July 23, 2020.
- 2Ms. Louie will be Amgen's principal accounting officer.
- 3Ms. Louie has an extensive history with Amgen, holding various finance and accounting roles since 2000.
- 4Her new role reflects internal promotion and continuity in financial leadership.
- 5Ms. Louie's annual base salary is set at $425,000.
- 6She is eligible for an annual bonus targeted at 40% of her base salary.
- 7A restricted stock unit award of $320,000 was granted to Ms. Louie, bringing her total 2020 equity grant value to $520,000.