|By PR Newswire||
|March 5, 2014 07:00 PM EST||
SAN DIEGO, March 5, 2014 /PRNewswire/ -- Sequenom, Inc. (NASDAQ: SQNM), a life sciences company providing innovative diagnostic testing and genetic analysis solutions, today announced that Harry F. Hixson, Jr., Ph.D., will retire as Chief Executive Officer (CEO), effective as of the Company's 2014 Annual Meeting on June 10, 2014. William J. Welch, the Company's current President and Chief Operating Officer, will assume the role of CEO, effective as of the Annual Meeting and immediately upon Dr. Hixson's retirement as CEO.
"It has been a pleasure to lead such a talented and innovative team at Sequenom. I am extremely proud of the many accomplishments we have achieved together and I am confident that Bill, Dirk, Carolyn and the other members of our executive management team will continue to deliver on our short and long-term goals to achieve value for our shareholders, customers and patients around the world," Dr. Hixson said.
Dr. Hixson will continue to serve as the Chairman of the Company's Board of Directors following his retirement and following his re-election to the Board of Directors by the Company's stockholders at the Annual Meeting. Dr. Hixson has served as Chairman since 2003 and as Chief Executive Officer since September 2009. The Board of Directors will also nominate Mr. Welch for election to the Company's Board of Directors at the Annual Meeting.
"I'm honored to lead the company as we look toward a very promising and exciting future," said Mr. Welch. "We thank Harry for his visionary leadership and many contributions to the company during his tenure and feel we have the right team in place, with Ms. Beaver, Dr. van den Boom and the rest of our outstanding leadership to address the challenges and opportunities ahead."
Mr. Welch joined the Company in January 2011 as Senior Vice President, Diagnostics and was appointed President and Chief Operating Officer in December 2012. Prior to joining Sequenom, Mr. Welch was a consultant to molecular diagnostic companies in the personalized medicine sector. Previously, Mr. Welch served as Senior Vice President and Chief Commercial Officer at Monogram Biosciences. Before joining Monogram, Mr. Welch held progressive management roles at La Jolla Pharmaceuticals, Dade Behring MicroScan and Abbott Laboratories. Mr. Welch earned a B.S. with honors in Chemical Engineering from the University of California at Berkeley and received his M.B.A. from Harvard University.
It was also announced today that Dirk van den Boom, Ph.D., will be promoted to Chief Scientific and Strategy Officer as of the Annual Meeting. Dr. van den Boom has recently served as Sequenom's Executive Vice President, Research and Development and Chief Scientific Officer and previously served as the Company's Senior Vice President, Research and Development and Chief Technology Officer. He joined Sequenom in 1998 at the company's Hamburg office, subsequently serving in various management roles of increasing responsibility within the R&D department.
"Dirk has continued to successfully drive key strategic initiatives to enrich and enhance the development of new technologies at Sequenom," said Dr. Hixson. "We are confident that he will successfully lead the R&D efforts to capitalize on our company's future growth opportunities and goals."
Dr. van den Boom received his Ph.D. in Biochemistry/Molecular Biology from the University of Hamburg where he focused on various aspects of nucleic acid analysis with mass spectrometry. He has co-authored more than 50 scientific articles and is an inventor on 48 patents or patent applications.
In addition, Paul V. Maier, Chief Financial Officer (CFO) since 2009, will retire effective as of the Annual Meeting. Mr. Maier will serve as a consultant to the Company following his retirement. Carolyn D. Beaver, current Vice President and Chief Accounting Officer, will assume the role of CFO, effective as of the Annual Meeting and immediately upon Mr. Maier's retirement as CFO.
"Paul joined us in October 2009 at a very challenging time in the company's history," said Dr. Hixson. "Sequenom remains ever grateful to him for his major contribution to restoring the company's credibility and balance sheet; contributions that have allowed us to emerge as the leader in the noninvasive prenatal genetic testing field. It has been a great pleasure to work with him, and we wish him many enjoyable years of well-earned retirement."
"I'm very pleased with how much Sequenom has grown, particularly in the last few years as we've built the Laboratories segment into a high-growth business and positioned the Company to maintain its growth trajectory in molecular diagnostics," added Mr. Maier. "With her industry experience and track record, we are confident Ms. Beaver will provide the financial leadership to help move the Company toward its goal of achieving profitability."
Ms. Beaver joined the Company as Vice President and Chief Accounting Officer in June 2012. Ms. Beaver was previously Corporate Vice President and Controller of Beckman Coulter, Inc. and served as Chief Accounting Officer in October 2005 until July 2011, following the acquisition of Beckman Coulter, Inc. by Danaher Corporation. She briefly served as interim Chief Financial Officer at the Company. Formerly, Ms. Beaver was an audit partner with KPMG LLP. She holds a B.S. in Business Administration, magna cum laude, from California State Polytechnic University, Pomona, California.
Sequenom, Inc. (NASDAQ: SQNM) is a life sciences company committed to improving healthcare through revolutionary genomic and genetic analysis solutions. Sequenom develops innovative technology, products and diagnostic tests that target and serve discovery and clinical research, and molecular diagnostic markets. Website: www.sequenom.com
Forward Looking Statements
Any statements in this Press Release about expectations, beliefs, plans, objectives, assumptions or future events or performance, including with respect to the management changes and the objectives of management, are not historical facts and are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as believe, will, expect, anticipate, estimate, intend, plan and would. Forward-looking statements are not guarantees of performance. They involve known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied. Some of these risks, uncertainties and assumptions include, but are not limited to, the risk that we cannot retain key executives.
The foregoing list sets forth some, but not all, of the factors that could affect the Company's ability to achieve results described in any forward-looking statements. For additional information about risks and uncertainties the Company faces and a discussion of the Company's financial statements and footnotes, see documents filed by the Company with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and all subsequent periodic reports. The Company assumes no obligation and expressly disclaims any duty to update forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of subsequent events.
SOURCE Sequenom, Inc.
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Apr. 25, 2017 04:30 AM EDT Reads: 2,943
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
Apr. 25, 2017 04:30 AM EDT Reads: 1,961
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Apr. 25, 2017 04:15 AM EDT Reads: 4,964
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 25, 2017 04:15 AM EDT
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 25, 2017 03:45 AM EDT Reads: 743
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 25, 2017 03:45 AM EDT Reads: 107
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 25, 2017 03:45 AM EDT Reads: 873
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Apr. 25, 2017 03:30 AM EDT Reads: 125
Judith Hurwitz is president and CEO of Hurwitz & Associates, a Needham, Mass., research and consulting firm focused on emerging technology, including big data, cognitive computing and governance. She is co-author of the book Cognitive Computing and Big Data Analytics, published in 2015. Her Cloud Expo session, "What Is the Business Imperative for Cognitive Computing?" is scheduled for Wednesday, June 8, at 8:40 a.m. In it, she puts cognitive computing into perspective with its value to the busin...
Apr. 25, 2017 03:30 AM EDT Reads: 3,549
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
Apr. 25, 2017 03:15 AM EDT Reads: 487
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Apr. 25, 2017 03:15 AM EDT Reads: 8,786
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Apr. 25, 2017 03:00 AM EDT Reads: 5,809
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 25, 2017 02:15 AM EDT Reads: 863
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Apr. 25, 2017 02:15 AM EDT Reads: 9,005
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Apr. 25, 2017 01:30 AM EDT Reads: 1,846