Illumina chairman out, CEO survives, one Icahn nominee elected
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Editor's note: Updated at 145p to reflect voting results and share price movement.

Carl Icahn got some of what he wanted at Illumina's (NASDAQ:ILMN) annual meeting on Thursday as shareholders voted to oust current board Chairman John Thompson and selected one of the activist investor's nominees.

However, Icahn's other two backed board nominees failed to win seats, and CEO Francis deSouza, whom Icahn wants fired, is retaining his position.
Icahn nominee Andrew Teno won enough votes to get on Illumina's (ILMN) board, a company spokesman confirmed to Seeking Alpha. He is a portfolio manager at Icahn Capital.
The stock is down ~11% in Thursday afternoon trading.
An Illumina (ILMN) director told the Financial Times on Wednesday that the company is well positioned should shareholders not re-elect the company's CEO and chairman at Thursday's annual meeting.
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.