Insiders

Carl Icahn wants to bring back Illumina's ex-CEO -WSJ

March 29, 2023 at 08:19 am EDT

(Reuters) - Carl Icahn wants former Illumina CEO Jay Flatley back at the U.S. life sciences firm, the Wall Street Journal reported on Wednesday, as the activist investor intensifies his proxy fight that was launched earlier this month.

In an interview with the WSJ, Icahn signaled that Illumina "should bring Flatley back as CEO immediately". The billionaire did not disclose if he was in touch with Flatley, according to the report.

Icahn, who owns 1.4% of Illumina, is pushing for Illumina to unwind its buyout of cancer detection test maker Grail and is seeking three board seats after weeks of private discussions failed to yield results.

Icahn and Illumina did not immediately respond to Reuters' request for comment.

Icahn's campaign at Illumina could become the year's most high-profile proxy contest after Nelson Peltz ended his quest for a seat at Disney and Daniel Loeb reached an agreement with Bath & Body Works.

(Reporting by Leroy Leo and Bhanvi Satija in Bengaluru; Editing by Rashmi Aich)

Stocks mentioned in the article

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ILLUMINA, INC.	116.6 USD	-1.44%	-10.80%	18.58B
ICAHN ENTERPRISES L.P.	16.89 USD	-0.71%	-3.38%	7.25B
WALT DISNEY COMPANY (THE)	112.4 USD	-0.45%	-4.03%	206B

Carl Icahn

Mr. Carl C. Icahn is a Chairman at CVR Refining GP LLC, at Icahn Enterprises G.P. Inc., at Icahn Enterprises Holdings LP, at Starfire Holding Corp., at ACF Industries LLC, at Atlantic Coast Entertainment Holdings, Inc., at Greate Bay Hotel & Casino, Inc., at Icahn Enterprises Finance Corp., at Icahn Enterprises LP, a Chief Executive Officer at Icahn Capital LP, at General Partners LLC at GB Property Funding Corp., and a Chairman of the Board at Icahn Associates Holding LLC. Mr. Icahn was previously employed as a Chairman by CVR Refining LP, by GB Holdings, Inc., by Maupintour Holding LLC, by American Railcar Industries, Inc., by CVR Energy, Inc., by XO Communications, Inc., by Tropicana Entertainment, Inc., by WCI Communities, Inc., by ImClone Systems, Inc., a Non-Executive Chairman by Federal-Mogul Corp., by Federal-Mogul LLC, by Federal-Mogul Holdings Corp., a Chief Executive Officer by Icahn Capital Management LP, by Icahn Management LP, a Member chCCI Offshore LLC, by Financial Industry Regulatory Authority, Inc., by National Association of Securities Dealers, Inc., by National Association of Securities Professionals, by CCI Onshore LLC, a Chairman & President by XO Holdings, Inc., a President & Director by Stratosphere Corp., a General Partner by American Real Estate Partners LP, a Chairman & President by Icahn & Co., Inc., a Non-Executive Chairman by Federal-Mogul Motorparts LLC, an Owner by Sands Hotel & Casino /Atlantic City/, by Stratosphere Hotel, and a Chairman & Chief Executive Officer by Trans World Airlines, Inc. He received his undergraduate degree from Princeton University.

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Icahn Associates Holding LLC Icahn Associates Holding LLC Investment ManagersFinance Icahn Associates Holding LLC is an independent hedge fund manager headquartered in New York City. The firm is affiliated with Icahn Enterprises LP (NASDAQ: IEP), a Delaware master limited partnership and diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Railcar, Mining, Food Packaging, Metals, Real Estate and Home Fashion. Icahn Associates Holding manages assets of high net-worth clients.	Chairman
ACF Industries LLC ACF Industries LLC Wholesale DistributorsDistribution Services ACF Industries LLC manufactures and fabricates railcar parts and miscellaneous steel products. Its capabilities include car conversions, repair programs, welded sub-assemblies, pressure vessels, railcar wheel, and axle machining & mounting. The company was founded in 1899 and is headquartered in St. Charles, MO.	Chairman

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