25-03-2025
Activist investor Keith Meister to join Illumina's board, WSJ reports
March 25 (Reuters) - Activist investor Keith Meister will join the board of gene-sequencing maker Illumina (ILMN.O), opens new tab, and current board member Scott Gottlieb will become chairman, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The changes are expected to be announced on Tuesday and will take effect on Friday, according to the report.
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Illumina and Keith Meister's hedge fund Corvex Management did not immediately respond to Reuters' requests for comment.
Corvex Management owns about 1.7 million shares of Illumina, according to a regulatory filing.
Shares of the company rose 2.2% in premarket trading, following the report.
