Il­lu­mi­na chair­man oust­ed from board as ac­tivist in­vestor Ic­ahn wins par­tial vic­to­ry

Il­lu­mi­na’s chair­man has been oust­ed from the com­pa­ny’s board, a par­tial win for ac­tivist in­vestor Carl Ic­ahn, who is still like­ly to put the fu­ture lead­er­ship and di­rec­tion of the DNA se­quenc­ing gi­ant in­to ques­tion.

The vote to re­move chair­man John Thomp­son and put in An­drew Teno was the cli­max of a proxy fight brought by Ic­ahn af­ter Il­lu­mi­na’s stock slide and de­ci­sion to buy the can­cer-test­ing com­pa­ny Grail. Il­lu­mi­na said a new chair will be cho­sen in the com­ing weeks.

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