Illumina (ILMN) said Tuesday Scott Gottlieb has been elected non-executive chair of its board.
Gottlieb has been on the board since 2020, the biotechnology company said.
Illumina also said Corvex Management's Chief Investment Officer Keith Meister will join its board on Friday. The hedge fund holds a 2.5% stake in Illumina, the Wall Street Journal reported citing people familiar with the matter.
Hologic (HOLX) CEO Stephen MacMillan, who had joined Illumina's board in June 2023, has decided to retire from the board in preparation for the company's upcoming annual meeting of stockholders, Illumina said.
ILMN shares were 1.5% higher ahead of Tuesday's opening bell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.