Illumina announce new CEO
After 17 years with Jay Flatley at the helm, Illumina unveil a new CEO
As of July 5, 2016, Illumina will have their first new CEO for 17 years. From 1999 to 2015, Jay Flatley has overseen a remarkable period of growth and market dominance at the San Diego based company. In making sequencing more accessible, the company has grown from a team of 30 employees to an organisation in excess of 4,800 people growing their revenue from $500,000 to $2.2 billion between 1999 and 2015.
Flatley will assume the role of Executive Chairman of the Board of Directors, while current President, Francis deSouza, will assume the role of President and Chief Executive Officer.
“The time is right for Francis to become Illumina’s next President and CEO,” stated Jay Flatley. “Francis is an exceptional leader, with a demonstrated track record of leading large organisations and implementing complex growth strategies. I look forward to partnering with him in his new role to continue the company’s strong legacy of innovation and execution.”
Francis joined Illumina in 2013 as President, working closely with Jay, the Board of Directors and the management team in setting the company’s strategic direction and leading the product development, commercial and manufacturing organizations. He has significantly influenced the performance of the company, been instrumental in Illumina’s evolution into the clinical markets and successfully executed on multiple major initiatives, including launching the HiSeq 4000 and the recent introduction of MiniSeq. As President and CEO he will assume additional leadership responsibility for the G&A and Research organizations, headed by Marc Stapley and Mostafa Ronaghi respectively.
“I joined Illumina because I believe in the enormous potential of our mission to improve human health by unlocking the power of the genome,” commented deSouza. “Today, having witnessed the impact our technology has on patients’ lives, and having experienced the passion and dedication of our employees, I could not be more honored, or more confident in our future.”
Read our interview with Jay Flatley from September 2015.