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Clarivate (CLVT) just unveiled an update.
Jonathan Gear will step down as CEO of Clarivate Plc and from the board on August 9, 2024, transitioning to a non-executive role until November 1, without any company disagreements. Matitiahu Shem Tov, a seasoned leader in software, data, and analytics, takes over as CEO. Gear’s separation agreement includes various benefits like a $4.375 million lump sum, while Shem Tov’s employment agreement includes a $900,000 base salary, bonuses, and equity grants. Additionally, key executives received retention awards to ensure stability during the leadership transition.
Find detailed analytics on CLVT stock on TipRanks’ Stock Analysis page.
