Francis deSouza, Illumina CEO (Stefan Wermuth/Bloomberg via Getty Images)
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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