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Illumina CEO resigns following push by activist investor Carl Icahn to remove him

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Resignation follows shareholder discontent around Illumina's acquisition of cancer diagnostic startup Grail

Illumina CEO Francis deSouza resigned Sunday, weeks after the DNA sequencing company endured a proxy fight with activist investor Carl Icahn.

DeSouza also is stepping down from the San Diego company’s board of directors. He joined the company’s executive ranks in 2013 and was named CEO and board member in 2016. DeSouza and Epstein received significant shareholder support. And after the proxy fight, Illumina appointed two new independent board members, including new chairman Stephen MacMillan, the CEO of diagnostic company Hologic.

 

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