Illumina On Sunday Announced Charles Dadswell Named Interim CEO Replacing Francis Desouza Who Resigned, Effective Sunday, June 11
Portfolio Pulse from Charles Gross
Illumina Inc. (NASDAQ:ILMN) announced the resignation of CEO Francis deSouza, effective June 11. Charles Dadswell, SVP and General Counsel, has been named interim CEO while the board searches for a new CEO. DeSouza will stay on as an advisor until July 31, 2023.
June 11, 2023 | 1:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Illumina's CEO Francis deSouza resigned, and Charles Dadswell has been named interim CEO. DeSouza will stay on as an advisor until July 2023.
The resignation of Illumina's CEO may cause short-term uncertainty, but the appointment of an interim CEO and the fact that deSouza will stay on as an advisor until July 2023 should help mitigate any negative impact on the stock price. The overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100