Moderna(NASDAQ:MRNA) delivered one piece of bad news to investors a few months ago: Chief medical officer (CMO) Tal Zaks will depart in September. The news came during the initial rollout of Moderna's very first product: its coronavirus vaccine. Zaks has been with the company for six years, and shepherded the vaccine from early-stage development through authorization. So, Moderna was about to lose a key character in its coronavirus vaccine story.

Moderna allayed investor fears this week, however. The company announced its new hire -- but not just any new hire. This individual comes to Moderna right from fellow coronavirus-vaccine maker Johnson & Johnson(NYSE:JNJ). Let's take a closer look at how the news eliminates a risk for the biotech company.

The impending loss of Zaks spurred two worries: First, the search to replace him might extend past the time of his departure. And second, Moderna might have trouble finding just the right person for the job. Finding CMOs is often a challenge, because they must have strengths in a broad range of business and management areas beyond medicine.

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