A Division of NBCUniversal. Teno was one of three allies nominated to Illuminas board by Icahn through his Icahn Partners, and 13 affiliated entities and individuals. The company offers products and services for the sequencing, genotyping, and gene expression markets. Before joining Icahns investment firm, Teno worked at Fir Tree Partners, a New York-based private investment firm that invests worldwide in public and private companies, real estate, and sovereign debt, from 2011 to April 2020. Illumina defended the performance of deSouza and the board, including the companys pursuit of Grail, and rejected the three Icahn nominees as lacking the qualifications and experience it seeks in board members. Instead, go back to the days where youre trying to come out with new sequencing platforms as quickly as you can, Teno said. We appreciate the constructive shareholder feedback throughout this process and are committed to delivering on our plan to accelerate shareholder value creation. Current Contact But the market steadfastly refuses to be fooled for long by charlatans. Investors may have been hoping for a more significant change at the embattled genomic sequencing leader, Julie Utterback, a senior equity analyst with Morningstar who covers medical technology and service companies, wrote Friday in a research note. The leadership transition at San Diego-based genomics equipment maker Illumina was completed Tuesdaywhen Francis deSouza became the CEO. There was an error and we couldn't process your subscription. Francis A. deSouza received a graduate degree and an undergraduate degree from Massachusetts Institute of Technology. {{ userNotificationState.getAlertCount('bell') }}. Sign up for a free account. We would think [what] Illumina should do is stop competing against [their] customers. WebFrancis A deSouza is President/CEO at Illumina Inc. See Francis A deSouza's compensation, career history, education, & memberships. Icahn has suggested replacing Francis deSouza with his predecessor as CEO from 1999 to 2016, Jay Flatley, who later served as Illuminas executive chair, then chairman until stepping down in 2021. WebDiscussion Leader Sharing insights, inspiring change Francis deSouza President & CEO Illumina Francis deSouza was appointed President & CEO of Illumina in 2016 and is responsible for directing all aspects of company strategy, planning, and operations. However, Intreri and Teno were both endorsed for Illuminas board by proxy advisor Glass Lewis, which criticized what it called the costly, distracting, value-crimping millstone Illumina saddled itself with by pursuing the Grail acquisitionand doing so without approval from regulators, an action Glass Lewis termed a questionable determination.. We stand by our public disclosures and we believe that IEPs performance will speak for itself over the long term as it always has.. Icahn attacked what he called Hindenburgs self-serving report, saying it was intended solely to generate profits on Hindenburgs short position at the expense of IEPs [Icahn Enterprises] long-term unitholders. Illumina CEO Francis deSouza joins 'Squawk Box' to discuss Q1 earnings results, the company's Grail acquisition challenge, the future of DNA sequencing, and more. The companys share price lost 18.4% in the last 52 weeks. It will also elect a new board chair. Illumina CEO Francis deSouza joins 'Squawk Box' to discuss Q1 earnings results, the company's Grail acquisition challenge, the future of DNA sequencing, and Sign up for a free account. We want to hear from you. Founder of Flash Communications and IMlogic, Inc., Francis A. deSouza is a businessperson who has been at the helm of 5 different companies and currently At Illumina, our goal is to apply innovative technologies and revolutionary assays to the analysis of genetic variation and function, making studies possible that were not even imaginable just a few years ago. Senior Manager @ Argy, Wiltse & Robinson, P.C. 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Illumina has declined comment on the reportbut a week later pointedly publicized Icahn Enterprises disclosure that the U.S. Attorneys office for the Southern District of New York had launched a federal investigation into the companys practices. WebFrancis deSouza - President & Chief Executive Officer, Illumina, Inc. | Contact Information, Email Address, Phone Number, Budgets and Responsibilities. With the generous support of readers like you, Times of San Diego publishes timely and accurate news coverage for a better-informed community. WebFind Francis Desouza's articles, email address, contact information, Twitter and more San Diego, California, CA, United States, US, View The following is a transcript of an interview with Illumina CEO Francis deSouza that aired Sunday, December 5, 2021, on free lookups / month. Be smart: Knocking out the current chair is a big win, but Icahn did not get all he wanted. [Illumina]Icahn has suggested replacing deSouza with his predecessor as CEO from 1999 to 2016, Jay Flatley, who later served as Illuminas executive chair, then chairman until stepping down in 2021. Search over 700 The largest trade he's ever made was exercising 49,219 units of Illumina Icahns proxy campaign to begin changing Illuminas direction has achieved its first success with Andrew J. Tenos election to the companys board. Has Francis A. deSouza been buying or selling shares of Illumina? No credit card required. Icahn Enterprises is Icahns publicly-traded diversified holding company based in Sunny Isles Beach, FL, 20 miles northeast of Miami. January 22, 2021 / 5:38 AM / CBS News. Similar Profiles. http://bit.ly/2qNU6qT No credit card required. The two other Icahn nominees received the fewest votes. A new chair is expected to be chosen in the coming weeks. Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. Illumina responded to Tenos election by welcoming him to the board and adding that it look[ed] forward to productive and collaborative engagement.. We won't use your email for any other purpose, and you can opt out at any time via an unsubscribe link. Activist investors are increasingly calling for top executives to be replaced, with Insightia data showing they pushed for the removal of personnel at 60 companies last year, a 46% jump from the year before and the highest amount since 2017. Illumina CEO Francis deSouza survived a challenge to his board seat from corporate raider Carl Icahn last week by securing more than twice the shareholder votes [GEN]Teno recently joined Icahn on GENs Close to the Edge video series, where both stated their case for change at Illumina, which has rested on three main arguments: The Grail acquisition, Teno said on Close to the Edge, was just one instance of Illumina failing to pull off a billion-dollar merger. Illumina completed the deal over the objections of U.S. and European antitrust regulators, who are now trying to force the company to unwind it. We won't use your email for any other purpose, and you can opt out at any time via an unsubscribe link. Icahn earlier this month laid out a vision for what his nominees would expect to carry out as board members if elected. Winmo helps you source more leads by connecting with the right prospects at the right time. Shares inched up 1% on Friday, to $195.89. Illuminas stock price has shrunk to the point where the company has lost some $50 billion in market capitalizationthe share price times the number of outstanding shares of a public company. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Our free newsletter is delivered at 8 a.m. daily. Carl C. Icahns proxy campaign to begin changing Illuminas direction has achieved its first success, as shareholders of the sequencing giant elected to its board an ally of the activist investor and ousted the chairman, who has ties to current CEO Francis deSouza. The E-Commerce Times recently spent time talking on the phone, not via instant message with IMlogics founder and CEO, Francis deSouza, who ran Microsofts Real-Time Collaboration Group and built Microsofts first instant messaging server, Exchange 2000 Instant Messaging. 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In his past career Mr. DeSouza was Chief Executive Officer at Flash Communications, Manager-Product Unit at Microsoft Corp., President-Products & Services at NortonLifeLock, Inc. and Chief Executive Officer of IMlogic, Inc. (a subsidiary of NortonLifeLock, Inc.) and Advisor at Kodiak Venture Partners. Linked companies : The Walt Disney Company - Illumina, Inc. 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We deliver breakthrough DNA sequencers Get contact details including emails and phone numbers 16690 Collins Avenue, Suite PH-1. Illumina CEO Francis deSouza joins CNBC's 'Squawk Box' to discuss the spread of monkeypox and how the company is working to sequence the virus to develop diagnostics, vaccines and more. Copyright 2023 Genetic Engineering & Biotechnology News. As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work. Master Of Science (Electrical Engineering and Computer Science), Bachelor's of Science (Electrical Engineering and Computer Science), If you're not automatically redirected, please click here. Passionate about improving human health by unlocking the power of the genome. million verified professionals across 35 million companies. All Rights Reserved. WebFrancis deSouza was appointed CEO of Illumina in 2016 and is responsible for directing all aspects of company strategy, planning, and operations. Enter address: Whoops! Sign up for free newsletters and get more CNBC delivered to your inbox. WebResides in Olney, MD Lived In Germantown MD, Silver Spring MD Related To Patricia Desouza, Flavia Desouza, Kevin Desouza, Selwyn Desouza Also known as Franc A Flatley will continue his involvement with the company as executive chairman. Help us grow with a monthly contribution. Mr. DeSouza is also on the board of The Walt Disney Co. and Chairman at Medhelp International. In announcing the shareholder election results, Illumina extensively thanked Thompson for his board service: His deep executive experience and business knowledge were greatly valued during his tenure. There was an error and we couldn't process your subscription. He initially joined the company Enter address: Whoops! Mr. deSouza ILMN stock SEC Form 4 insiders trading. Founder of Flash Communications and IMlogic, Inc., Francis A. deSouza is a businessperson who has been at the helm of 5 different companies and currently occupies the position of President, Chief Executive Officer & Director at Illumina, Inc. and Chief Executive Officer at Verinata Health, Inc. (a subsidiary of Illumina, Inc.). 2023 CNBC LLC. Get this delivered to your inbox, and more info about our products and services. This year he received 93,110,014 votes, beating out only Thompson and all three of Icahns nominees. Illumina shareholders had voted for board directors over the past month, culminating with the results being announced Thursday at the companys annual shareholder meeting, which was held virtually. This byline is for a different person with the same name. WebGreat interview today with Illumina CEO Francis deSouza and CNBC's Meg Tirrell about investing in research. Tenos arguments were persuasive enough for proxy advisory firm Institutional Shareholder Services (ISS) to recommend his election to the board earlier this month, saying that supporting Teno over Thompson appears to be the most direct approach to achieve the change that is warranted., But ISS balked at supporting the ouster of deSouza or endorsing all three Icahn nominees, saying that would be too disruptive to Illumina: If the dissidents campaign had contained fewer unsubstantiated accusations, or if the dissident had nominated candidates with direct industry expertise, it might have been easier to conclude that the case for change was strong enough to support more dissident nominees.. Amazon going into mobile business with 'rookie' Dish seems unlikely, says media mogul Tom Rodgers, Russia cut oil production 'but not as much as they say they have', says S&P Global's Daniel Yergin, Debt bill is encouraging 'I hope concern with borrowing doesn't end here', says fmr. Illumina thanks shareholders for their continued support of the company, which remains committed to its mission of improving human health by unlocking the power of the genome, the company said in a statement. {{ userNotificationState.getAlertCount('bell') }}. These studies will help make the realization of personalized medicine possible. His depth and breadth of knowledge in technology and across a number of private and public sectors, as well as his financial expertise, greatly contributed to the Boards strategic leadership of the company, Illumina added. Activist investor Carl C. Icahn joined Teno in laying out their case for change at Illumina on GENs Close to the Edge video series. CARL C. ICAHN. Amazon going into mobile business with 'rookie' Dish seems unlikely, says media mogul Tom Rodgers, Russia cut oil production 'but not as much as they say they have', says S&P Global's Daniel Yergin, Debt bill is encouraging 'I hope concern with borrowing doesn't end here', says fmr. Illumina has drained itself of resources through its nearly three-year effort to acquire cancer blood test developer Grail in the face of opposition from U.S. and European regulators. Our mission is to improve human health by unlocking the power of the genome. About Francis deSouza. Teno received 77,769,509 votes while Thompson received 45,091,516 votes. Web2022 in Genomics 4 months ago | By Francis Desouza | LinkedIn Francis deSouza Francis deSouza CEO of Illumina. Data is a real-time snapshot *Data is delayed at least 15 minutes. Illumina's customers include genomic research centers, pharmaceutical companies, academic institutions, clinical research organizations, and biotechnology companies. Were a network of firms in 152 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Search over 700 7, 2016- Illumina, Inc. (NASDAQ: ILMN) today announced that Jay Flatley , current Chairman and CEO, will assume the role of Executive Chairman of the Board of Directors on July 5, 2016 . million verified professionals across 35 million companies. 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Illumina lost $50 billion in market value following the deal as investors fret it may be forced to divest Grail at a big loss. Icahn has suggested replacing Francis deSouza with his predecessor as CEO from 1999 to 2016, Jay Flatley, who later served as Illuminas executive chair, then In this episode of Facing Forward, Margaret Brennan talks with Illumina CEO Francis deSouza for a look at the science Rocketreach finds email, phone & social Icahn criticized Illumina, including deSouza and Thompson, for its $7.1 billion acquisition of cancer test maker Grail. Mr. DeSouza is also on the board of The Walt Disney Co. and Chairman at Medhelp International. Got a confidential news tip? This byline is mine, but I want my name removed. Up to 5 A Division of NBCUniversal. Illumina CEO Francis deSouza survived a challenge to his board seat from corporate raider Carl Icahn last week by securing more than twice the shareholder votes than the number his challenger received, the company said in a filing on Tuesday. He nominated three seats and has received one, per preliminary results. WebGet Francis deSouza's email address (f*****@illumina.com) and phone number (415-681-.) at RocketReach. Contact Francis, search articles and Tweets, monitor coverage, and track replies from one place. If you're not automatically redirected, please click here. Up to 5 Go to illumina.com Press Release View All Press Releases Illumina Names Francis deSouza as President November 11, 2013 12:00 AM SAN DIEGO-- (BUSINESS WIRE)--Nov. 11, 2013-- Illumina, Inc. (NASDAQ:ILMN) today announced it has appointed Francis deSouza to the role of President. Country of residence : Unknown. May 19 This is The Genome Era: First NovaSeq X Plus run already The other two allies were Vincent J. Intrieri, founder and CEO of VDA Capital Management, a private investment firm, and a former Icahn employee from 1998-2016; and Jesse A. Lynn, general counsel of Icahn Enterprises (IEP). It gives deSouza legitimacy to carry on after Icahn mustered enough shareholder support to oust Illuminas board chair John Thompson and install one of his board nominees, Andrew Teno. Francis deSouza, Illuminas CEO, recently took the stage at HLTH in Las Vegas, NV with journalist Sarah Richards to discuss how genomics is changing the diagnosis and treatment of disease, and how it will soon become a standard part of how our health is managed. Stellantis will need one or two additional U.S. battery plants - Tavares, Republicans speak out against US debt-ceiling deal, in sign of rocky road ahead, JPMorgan's Dimon visits Taiwan to meet staff, clients -source, Bill Gates says top AI agent poised to replace search, shopping businesses, Elon Musk kicks off China visit, Tesla expansion in focus, Activist fund Trian reorders top ranks as CIO Garden retires -filing, Stellantis does not need Italy among its shareholders, Chairman Elkann says, Elon Musk greeted with flattery and feasts during China trip, Fresenius lifts 2023 outlook for hospital drugs unit Kabi, LVMH chief Bernard Arnault to visit China in June -sources, Illumina Introduces PrimateAI-3D Software to Predict Disease-Causing Genetic Mutations, Illumina CEO survived Icahn's challenge by more than 2-to-1 margin, Illumina Elects Icahn Nominee to Board, Ousts Chairman John Thompson; Shares Tumble, Equity Markets Fall Amid Focus on Debt-Ceiling Talks, Equity Markets Fall on Debt-Ceiling Impasse, Fed Speculation. Earlier, he worked at Crestview Partners from 2009 to 2011 as an associate in their private equity business, and at Gleacher Partners, a boutique mergers and acquisitions firm, from 2007 to 2009. Illumina has said it will expand its board from nine members to 11 and has interviewed chiefs of publicly traded companies with healthcare experience and chief financial officers of publicly traded companies with Wall Street experience to join. We'll send you the top local news stories every morning at 8 a.m. By clicking subscribe, you agree to share your email address with Times of San Diego to receive our free newsletter and breaking news alerts. At PwC, our purpose is to build trust in society and solve important problems. Our free newsletter is delivered at 8 a.m. daily. CEO Francis deSouza joined "Squawk Box" on Tuesday to discuss. Get 5 free searches. All Rights Reserved. Francis has made over 39 trades of the Illumina Inc stock since 2013, according to the Form 4 filled with the SEC. Last month, Illumina honored Flatley by naming a new four-story, 127,000- square-foot building after him. He earned bachelors and masters degrees in electrical engineering and computer science. Our real push is to get back to the core.. All Rights Reserved. However, shareholders largely upheld the status quo by voting to reelect eight directors endorsed by Illumina, starting with deSouza and including Frances Arnold, PhD; Caroline Dorsa; Robert Epstein, MD; Scott Gottlieb, MD; Gary Guthart, PhD; Philip Schiller; and Sue Siegel. WebFrancis deSouza. Pharma is one of the seven primary business segments of Icahn Enterprises; the other six are investment, energy, automotive, food packaging, real estate, and home fashion. According to Illumina, deSouza grew up in Dubai and was admitted to the Massachusetts Institute of Technology at the age of 16. [email protected] / [email protected]. With such rapid advances in technology Find contact details for 700 million professionals. Illumina, Inc., headquartered in San Diego, CA, is a developer, manufacturer, and marketer of next-generation life-science tools for large-scale analysis genetic variation and biological function. Be smart: In terms of strategy or anythinginorganic growth, theyve been a complete failure, Teno said of Illumina. CEO at Illumina. Illumina CEO Francis deSouza seems to believe that he can fool all of the people all of the time. Looking for a resource to grow your sales? Published Dec 20, 2022 13-year-old Alyssa was diagnosed with T-cell leukemia in May 2021. Find out more and tell us what matters to you by visiting Find contact details for 700 million professionals. Get this delivered to your inbox, and more info about our products and services. Francis deSouza DeSouza, who was president since 2013, succeeds Jay Flatley, who built the company into an industry leader over 17 years. WebOlney, MD View Full Report MAY GO BY Francis A de Souza Flavia M Desouza USED TO LIVE IN Olney, MD Silver Spring, MD Summerville, SC RELATED TO Janice Victoria Demare Patricia Ashley Desouza Kevin John Xavier Desouza Phone | Address | Email AGE 60s Francis Denis Desouza Laurel, MD View Full Report MAY GO BY Francis De One was sold to Microsoft and the other to Symantec. WebPublic asset : 26,175,633 USD. Francis Desouza contact details: Email address: f***@illumina.com Phone number: (858) ***-**** Who is Francis Desouza? 2023 CNBC LLC. December 5, 2021 / 11:40 AM / CBS News. In addition to ending the Grail acquisition, they committed to maximizing the growth of the core sequencing business, suggested that Illumina discount consumables to new biotech companies in exchange for a portion of future royalties, and replace deSouza as CEO. Data is a real-time snapshot *Data is delayed at least 15 minutes. We want to hear from you. Twitter @fdesouza. Illumina CEO Francis deSouza announces the NovaSeq X sequencing system last September at the Illumina Genomics Forum in San Diego. Icahn tried to replace both deSouza and Thompson on the board and said he wants former Illumina CEO Jay Flatley to return to run the San Diego-based genetic sequencing company. Get Times of San In his past career Mr. DeSouza was Chief Executive Officer at Flash Communications, Manager-Product Unit at Microsoft Corp., President-Products & Services at NortonLifeLock, Inc. and Chief Executive Officer of IMlogic, Inc. (a subsidiary of NortonLifeLock, Inc.) and Advisor at Kodiak Venture Partners. Icahn Enterprises investors reacted more coolly than their Illumina counterparts to the shareholder election outcome, as shares dropped 14% Thursday, from $23.94 to $20.63. The following is a transcript of an interview with Illumina CEO Francis deSouza that aired Sunday, December 5, 2021, on "Face the Nation." (business & personal). Teno has served as a director on the boards of Crown Holdings, a global supplier of packaging products, since December 2022; FirstEnergy, an electric utility, since March 2021; and Southwest Gas Holdings, an entity that purchases, distributes, and transports natural gas and provides utility infrastructure services across North America, since May 2022. Got a confidential news tip? He later founded a pair of companies that were involved in instant messaging. We'll send you the top local news stories every morning at 8 a.m. By clicking subscribe, you agree to share your email address with Times of San Diego to receive our free newsletter and breaking news alerts. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Early results show Illumina CEO Francis deSouza and director Robert Epstein defeated Icahn's two other nominees and will remain on the board. The life sciences company said its projected results are being driven by record orders in its gene-sequencing and related businesses. Francis A. deSouza received a graduate degree and an undergraduate degree from Massachusetts Institute of Technology. Francis Monkman, who has died of cancer aged 73, was a musician who co-founded Curved Air, one of the biggest names in progressive rock in the early 1970s; one DeSouza, who was president since 2013, succeeds Jay Flatley, who built the company into an industry leader over 17 years. We will continue to provide transparent and effective communication as we move forward together.. Mar. Similar Profiles, Senior Vice President and General Manager, Enterprise Security Group @, Vice President, Enterprise Messaging Management @, Product Unit Manager, Real-time Collaboration, Exchange Group @. By buying Grail, Teno contended, Illumina was essentially competing against its own customers, diagnostics developers who have embraced Illuminas technologies enough to make it the dominant player in sequencing. (business & personal). Illumina has countered that it has strengthened its commitment to its core sequencing business by launching the NovaSeq X system. CBO director, How to trade Tesla with options after it hits four-month high, Dollar General drops, posts second worst week ever. While the outcome of the vote was known, the tally had not been previously disclosed. He cited Illuminas ill-fated attempt to acquire Pacific Biosciences (PacBio) for $1.2 billion, a buyout Illumina and PacBio mutually terminated after opposition emerged from the U.S. Federal Trade Commission on antitrust grounds. Illuminas board nearly doubled CEO Francis deSouzas total compensation last year, to almost $27 million, with much of that increase based on stock options. New York, New York, NY, United States, US, View With the generous support of readers like you, Times of San Diego publishes timely and accurate news coverage for a better-informed community. free lookups / month. CEO Francis deSouza joined "Squawk Box" on Tuesday to discuss. Courtesy of Illumina By John Simons August 14, 2022 7:00 AM EDT A s chief executive of San Diego-based genomic sequencing company Illumina, Francis deSouza Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Get contact details including emails and phone numbers Investors, however, reacted coolly to the shareholder vote results with a stock selloff that sent Illumina shares falling 9% on Thursday, from $212.65 to $193.53. The Massachusetts Interactive Media Council CBO director, How to trade Tesla with options after it hits four-month high, Dollar General drops, posts second worst week ever. A year ago deSouza was the companys top vote getter with 130,098,117 votes cast for him. Francis deSouza is a Chief Executive Sign up for free newsletters and get more CNBC delivered to your inbox. Francis A. deSouza has not been actively trading Andrew J. Teno, a portfolio manager at Icahns investment management firm Icahn Capital since October 2020, prevailed over John W. Thompson, who had served on Illuminas board since 2017, the last two years as chairman. Early results show Illumina CEO Francis deSouza and director Robert Epstein defeated Icahn's two other nominees and will remain on the board. Founder of Flash Please reload the page and try again. Icahn has suggested replacing Francis deSouza with his predecessor as CEO from 1999 to 2016, Jay Flatley, who later served as Illuminas executive chair, then chairman until stepping down in 2021. Illumina can also be reached via phone at (858) 202-4500 and via email at ir@illumina.com. Icahn Enterprises shares have lost 59% of their value since May 2, the day short seller Hindenburg Research took a short position in Icahns investment firmand issued a scathing report taking issue with many of its practices. Founder of Flash Communications and IMlogic, Inc., Francis A. deSouza is a businessperson who has been at the helm of 5 different companies and currently occupies the position of President, Chief Executive Officer & Director at Illumina, Inc. and Chief Executive Officer at Verinata Health, Inc. (a subsidiary of Illumina, Inc.). Covid-19 omicron variant spread shows urgent need for global pathogen tracking network, Illumina CEO Reflects on the State of Genomics in 2021. 100-Year-Old Mission District Diner St. Francis Fountain Is About to Be Sold Plus, three restaurant and bar closings across the Bay Area by Lauren Saria Jun 1, WebGet Francis DeSouza's email address (f*****@yahoo.com) and phone number (214-695-.) at RocketReach. Get 5 free searches. Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst Most recently he exercised 23,473 units of ILMN stock worth $4,655,165 on 21 February 2023.. Biography of Francis deSouza. Help us grow with a monthly contribution. Please reload the page and try again. The proxy adviser also asserted that Illumina investors should hold the current management directly accountable for the several risks and uncertainties surrounding the companys questionable determination to close the Grail deal, without regulatory approval. Rocketreach finds email, phone & social media for
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