Carl Icahn calls for removal of Illumina CEO Francis deSouza
Michael Nagle


Investor Carl Icahn has called on Illumina's (NASDAQ:ILMN) board to sack CEO Francis deSouza and replace him with former CEO Jay Flatley.
In a letter to shareholders Wednesday, Icahn brought up Monday's order from the FTC that Illumina (ILMN) divest GRAIL and the company's decision to appeal that order.

"Our major concern as a large shareholder is that this multi-year battle will consume hordes of cash and go on for years, luxuries that Illumina (ILMN) does not have," Icahn wrote.
He added that Illumina (ILMN) and GRAIL "should be separated immediately to protect the long term growth prospects and viability of each entity."
Icahn also suggested that the company bring back former CEO Jay Flatley "(or someone else on his level)."
The famed investor is in the midst of a proxy battle with Illumina (ILMN) as he tries to get some of his backed people on the company's board.