Amarin Corporation appoints Peter Fishman as Chief Financial Officer, effective immediately, to lead global finance operations.
Quiver AI Summary
Amarin Corporation has appointed Peter Fishman as Chief Financial Officer, effective immediately. Fishman, who previously served as the Company’s Global Controller and principal financial and accounting officer, will lead the global finance organization and report directly to CEO Aaron Berg. Berg praised Fishman's extensive experience, which includes nearly 20 years in accounting, financial reporting, and treasury among other areas. Fishman has been with Amarin since 2019, participating in critical financial strategies and complex transactions. He holds degrees in accounting and business administration and is a certified public accountant. The announcement also includes a disclaimer regarding forward-looking statements related to Amarin's financial outlook and business strategy.
Potential Positives
- Peter Fishman has been appointed as the Chief Financial Officer, demonstrating leadership stability and internal promotion within the company.
- Mr. Fishman's nearly 20 years of finance experience and past roles within Amarin indicate a deep understanding of the company's financial strategies and operations.
- The endorsement from CEO Aaron Berg highlights confidence in Mr. Fishman's ability to lead financial and business strategy, which may positively influence investor perception.
- His previous involvement in financing efforts and cash management strategies positions him well to support Amarin's financial health going forward.
Potential Negatives
- Appointment of Peter Fishman as CFO may indicate instability within the finance leadership, as it follows a short tenure in previous roles, raising questions about the company's financial strategy continuity.
- The press release heavily relies on forward-looking statements, emphasizing risks and uncertainties without providing specific reassurances about future performance, which could affect investor confidence.
FAQ
Who has been appointed as Amarin's new CFO?
Peter Fishman has been appointed as the Chief Financial Officer of Amarin Corporation effective immediately.
What experience does Peter Fishman bring to Amarin?
Peter Fishman has nearly 20 years of experience in various finance areas, including accounting and financial reporting.
Who does the CFO report to at Amarin?
The Chief Financial Officer reports directly to the Company’s Chief Executive Officer, Aaron Berg.
What roles did Fishman hold before becoming CFO?
Before becoming CFO, Peter Fishman served as Global Controller and principal financial and accounting officer at Amarin.
Where can I find more information about Amarin Corporation?
More information about Amarin can be found on their official website and investor relations page.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AMRN Insider Trading Activity
$AMRN insiders have traded $AMRN stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $AMRN stock by insiders over the last 6 months:
- AARON BERG (President and CEO) purchased 160,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AMRN Hedge Fund Activity
We have seen 41 institutional investors add shares of $AMRN stock to their portfolio, and 83 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DG CAPITAL MANAGEMENT, LLC removed 5,115,747 shares (-100.0%) from their portfolio in Q3 2024
- TANG CAPITAL MANAGEMENT LLC removed 2,500,000 shares (-100.0%) from their portfolio in Q2 2024
- PRICE JENNIFER C. removed 2,380,000 shares (-100.0%) from their portfolio in Q3 2024
- GSA CAPITAL PARTNERS LLP removed 1,183,917 shares (-100.0%) from their portfolio in Q3 2024
- EVERSEPT PARTNERS, LP removed 999,218 shares (-23.2%) from their portfolio in Q3 2024
- TWO SIGMA INVESTMENTS, LP removed 657,605 shares (-21.6%) from their portfolio in Q3 2024
- TWO SIGMA ADVISERS, LP removed 613,900 shares (-23.7%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DUBLIN and BRIDGEWATER, N.J., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Amarin Corporation plc (NASDAQ:AMRN) today announced that Peter Fishman has been appointed as Chief Financial Officer for the Company, effective immediately. He will be responsible for leading Amarin’s global finance organization and will report directly to the Company’s Chief Executive Officer, Aaron Berg. Most recently, Mr. Fishman served as the Company’s Global Controller and principal financial and accounting officer.
“Pete brings tremendous experience to his new role at Amarin, including most recently as a trusted advisor to our leadership team serving as principal financial and accounting officer for the Company,” said Aaron Berg, President & CEO, Amarin. “I am confident that he will play an important role in helping to spearhead the Company's financial and business strategy as we move forward.”
Mr. Fishman has nearly 20 years of experience in various finance areas including accounting, financial reporting, treasury, tax and audit as well as building and leading global finance teams. Mr. Fishman has served as the Company’s principal financial and accounting officer since October 2024, and as Vice President & Global Controller since October 2022. Previously, he held roles of increasing responsibility within Amarin’s Finance team since 2019. During his time at Amarin, Mr. Fishman has been an integral part of the Company’s previous financing efforts as well as the Company’s current cash management strategy. In addition, Mr. Fishman has been involved in numerous complex transactions while with the Company. Earlier in his career, Mr. Fishman held roles in financial reporting and technical accounting at Toys R Us. Mr. Fishman began his career at Ernst & Young serving several pharmaceutical clients.
Mr. Fishman holds a Bachelor of Arts degree in accounting from American University, a Masters of Business Administration degree from Rowan University and is a certified public accountant.
Forward-Looking Statements
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including beliefs about Amarin’s key achievements in 2023 and the potential impact and outlook for achievements in 2024 and beyond; Amarin’s 2024 financial outlook and cash position; Amarin’s overall efforts to expand access and reimbursement to VAZKEPA across global markets; and the overall potential and future success of VASCEPA/VAZKEPA and Amarin generally. These forward-looking statements are not promises or guarantees and involve substantial risks and uncertainties. A further list and description of these risks, uncertainties and other risks associated with an investment in Amarin can be found in Amarin's filings with the U.S. Securities and Exchange Commission, including Amarin’s quarterly report on Form 10-Q for the period ending September 30, 2024 and annual report on Form 10-K for the full year ended 2023. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Amarin undertakes no obligation to update or revise the information contained in its forward-looking statements, whether as a result of new information, future events or circumstances or otherwise. Amarin’s forward-looking statements do not reflect the potential impact of significant transactions the company may enter into, such as mergers, acquisitions, dispositions, joint ventures or any material agreements that Amarin may enter into, amend or terminate.
Availability of Other Information About Amarin
Investors and others should note that Amarin communicates with its investors and the public using the company website (www.amarincorp.com), the investor relations website (www.amarincorp.com/investor-relations), including but not limited to investor presentations and investor FAQs, U.S. Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that Amarin posts on these channels and websites could be deemed to be material information. As a result, Amarin encourages investors, the media, and others interested in Amarin to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on Amarin’s investor relations website and may include social media channels. The contents of Amarin’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933.
Amarin Contact Information
Investor & Media Inquiries:
Mark Marmur
Amarin Corporation plc
[email protected]