Illumina director says company prepared if CEO, chairman tossed out - FT
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A member of Illumina's (NASDAQ:ILMN) board of directors said that the company is well positioned should shareholders not re-elect the company's CEO and chairman at Thursday's annual meeting.
Should CEO Francis deSouza and Chair John Thompson be voted down, director Gary Guthart told the Financial Times that the company is in strong shape with the rest of the management team and directors.
"I think the board is capable of working through succession should it occur," he told the newspaper. "That's not the preference of the board, but should it occur, the board is prepared to do that. And likewise in management."
Guthart, the CEO of Intuitive Surgical (ISRG), also praised Illumina (ILMN) Chief Technology Officer Alex Aravanis and Chief Commercial Officer Susan Tousi.

Activist investor Carl Icahn has been waging a proxy campaign calling for deSouza and Thompson to be replaced due to poor stock performance and their handling of the GRAIL acquisition.
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