Mass. Movers

Biogen Idec extends CEO’s contract

Biogen Idec’s board extended the CEO’s deal to July 2014.

Suzanne Kreiter/Globe Staff

Biogen Idec’s board extended the CEO’s deal to July 2014.


Biogen Idec’s board extended CEO George A. Scangos’s contract with the same base salary, but the opportunity to earn more incentive pay. His three-year contract was set to expire last month, but the board of the Weston biotech extended it through July 15, 2014, after which it could be extended for 12-month periods, according to a regulatory filing. Scangos will receive an annual salary of $1.3 million and be able to earn a bonus of not less than 140 percent of his base salary.

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