Personalis Announces CEO Retirement and Transition
December 14 2022 - 04:02PM
Business Wire
Personalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics
for precision oncology, today announced that John West, co-founder,
CEO and member of the board of directors of Personalis, notified
the Company of his decision to retire as CEO and a director at the
end of the calendar year. Mr. West has served in the DNA sequencing
field for over forty years, and co-founded Personalis with four
Stanford professors in 2011.
Effective December 31, 2022, Aaron Tachibana, Personalis Chief
Financial Officer, will serve as interim CEO and Christopher Hall,
Personalis SVP and Head, Diagnostics Business, will be promoted to
President. Mr. West will continue to serve as an advisor to the
Board.
“We thank John for his vision and dedication for more than a
decade and wish him the best in the future,” said Karin Eastham,
Personalis Board Chair. “The Board will immediately initiate a
search for a successor. Under the leadership of Mr. Tachibana and
Mr. Hall, we are committed to our strategy, particularly focused on
the development of our NeXT Personal® MRD platform. We are
fortunate to have an experienced and highly capable senior
management team to continue leading the company and working closely
with Aaron and Chris. I look forward to working with the leadership
team as we recruit a new Chief Executive Officer.”
“It has been an honor having served as CEO since the company’s
founding in 2011,” said Mr. West. “I am proud of the Personalis
team, and the many accomplishments since inception, to create a
company focused on helping cancer patients live better and longer
lives using more advanced cancer therapies and more sophisticated
genomic profiling tests. After over a decade of building, I can
retire from Personalis knowing that the Company is well positioned
to succeed going forward.”
About Personalis
Personalis, Inc. is a leader in advanced cancer genomics,
enabling the next generation of precision cancer therapies and
diagnostics. The Personalis NeXT Platform® is designed to adapt to
the complex and evolving understanding of cancer, providing its
biopharmaceutical customers and clinicians with information on all
of the approximately 20,000 human genes, together with the immune
system, from a single sample. To enable cancer sequencing,
Personalis' Clinical Laboratory was built with a focus on clinical
accuracy, quality, big data, scale and efficiency. The laboratory
is GxP-aligned as well as Clinical Laboratory Improvement
Amendments of 1988-certified and College of American
Pathologists-accredited. For more information, visit the Personalis
website and follow Personalis on LinkedIn and Twitter.
Forward-Looking Statements
All statements in this press release that are not historical are
“forward-looking statements” within the meaning of U.S. securities
laws, including statements relating to Mr. West’s relationship with
the Company following his resignation, the Company’s leadership,
plans or expectations, or other future events. This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from any anticipated results or expectations
expressed or implied by such statements. Forward-looking statements
involve known and unknown risks, uncertainties and other factors
that may cause Personalis’ actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These risks, uncertainties and other
factors relate to, among others: the timing of the executive
transition, the competitive labor market, our ability to attract
qualified executive candidates, our dependence on our senior
management and current expectations regarding the Company’s
performance in current and future periods. These and other
potential risks and uncertainties that could cause actual results
to differ materially from the results predicted in these
forward-looking statements are described under the caption “Risk
Factors” in Personalis’ Quarterly Report on Form 10-Q for the
quarterly period ended September 30, 2022, filed with the SEC on
November 2, 2022. All information provided in this release is as of
the date of this press release, and any forward-looking statements
contained herein are based on assumptions that we believe to be
reasonable as of this date. Undue reliance should not be placed on
the forward-looking statements in this press release, which are
based on information available to us on the date hereof. Personalis
undertakes no duty to update this information unless required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221214005956/en/
Investor Relations Contact Caroline Corner
investors@personalis.com 415-202-5678
Media Contact Jennifer Temple pr@personalis.com
650-752-1300
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