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Thursday, Mar 28, 2024
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Illumina Honors Its CEO Flatley

Medtech giant Illumina Inc. dedicated a research and development building on its campus to its longtime CEO Jay Flatley.

The four-story, 127,000-square-foot facility will be named the Jay T. Flatley Innovation Center, and the bottom floor will feature a new “Innovation Gallery” with museumlike installations detailing the company’s history.

Illumina, one of San Diego’s largest public companies, announced in March that Flatley was stepping down as CEO and assuming the position of executive chairman of the board. Illumina’s president, Francis deSouza, will take over as president and CEO in July.

During his 17-year tenure as CEO, Flatley oversaw remarkable growth and brought Illumina from less than $1 million in revenue in 1999 to $2.2 billion in 2015.

Illumina is the world’s largest developer of genome sequencing machines, and currently has a market cap of more than $20 billion.

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