Fluidigm (FLDM) Appoints New CEO

October 19, 2016 5:01 PM EDT

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Fluidigm Corporation (Nasdaq: FLDM) announced that its Board of Directors has appointed S. Christopher Linthwaite as Chief Executive Officer and a member of the Board of Directors, effective immediately. Linthwaite succeeds Gajus V. Worthington, who has stepped down as the CEO and Board member of Fluidigm.

“We are thrilled to have Chris as a seasoned executive leading Fluidigm to the next phase of its growth,” commented Samuel Colella, Chairman of the Fluidigm Board of Directors. “Also, we are very thankful for Gajus’s 18 years of service. He has been a visionary leader for the company, delivering incredible market innovation and customer engagement.”

Linthwaite joined Fluidigm as President and Chief Operating Officer in August 2016. A life sciences industry veteran, Linthwaite served as a senior business executive with Invitrogen, Life Technologies and Thermo Fisher Scientific. His significant leadership experience in genomics, bioprocessing, forensics, AgBio, and animal health testing underpin a track-record of delivering profitable growth.

“Fluidigm is a highly innovative company with a passion for enabling new breakthroughs in life sciences research and applied markets, and I am honored to lead this remarkable organization,” Linthwaite said. “The opportunity ahead for Fluidigm is immense, and realizing it will require continued focus on customer-centric innovation combined with a commitment to operational excellence. A key part of my role as CEO will be to achieve sustainable growth while delivering high-quality, innovative solutions to our customers. I look forward to spending time with our customers and stockholders later this quarter to discuss our performance and plans in more detail.”

Chris Linthwaite and Vikram Jog, Fluidigm’s Chief Financial Officer, will provide detailed information on third quarter financial performance after the close of the markets on Thursday, November 3, 2016.



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Comments

FLDM CEO stepped down . . .
skylar on 2016-10-19 20:39:37
Mark as Spam | Reply to this comment

TOO LITTLE , TOO LATE.
A house of cards ready to tumble, too many executives that are richly compensated despite the reality that the company is failing in both the short-term and long-term. Management cut corners at every opportunity to funnel available cash flow to exec salaries, stock options, and bonuses with little or nothing to the rank and file and building infrastructure.
Company will be sold for its IP and assets by year-end.


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