Affymetrix Appoints Gavin Wood as Executive Vice President and Chief
A seasoned financial leader with extensive international experience
SANTA CLARA, Calif. -- May 20, 2013
Affymetrix, Inc. (NASDAQ: AFFX) today announced it has appointed Mr. Gavin
Wood to the position of Executive Vice President and Chief Financial Officer.
Mr. Wood joined Affymetrix in 2006 and served most recently as VP Finance,
International Controller based in the United Kingdom.
Mr. Wood will report to President and Chief Executive Officer Frank Witney and
will oversee Affymetrix’s finance, accounting, information technology,
facilities and investor relations functions. He will also become part of
Affymetrix’s executive management team, which is responsible for directing all
aspects of company strategy, planning and operations.
“I firmly believe that we need a CFO that understands the dynamics of our
business and has the knowledge and energy to drive change in an organization
that is in transformation. As a senior leader of our international team since
2006, Gavin has consistently proven that he can do that,” said Frank Witney,
President and CEO. “I’d like to extend a welcome to Gavin and his family who
will be relocating to California.”
“I am very excited to have the opportunity to lead our global finance
organization,” said Mr. Wood. “Our priorities are clear, including returning
to growth and sustained profitability and strengthening our balance sheet. I
look forward to working with the executive team to deliver on our strategic
plan to grow the business in translational medicine, clinical diagnostics and
the applied markets.”
Mr. Wood joined Affymetrix in 2006 and has held a number of positions within
the Group, most recently as VP Finance, International Controller, responsible
for Europe and APAC. During his tenure with Affymetrix, Mr. Wood has managed
the integration and consolidation of a number of European acquisitions, most
recently eBioscience, as well as restructuring the support organization and
providing leadership to the European commercial team. Gavin is a Chartered
Accountant who qualified with the London Accountancy Practice Morgan Brown
Spofforth in 1997 before moving to Grant Thornton LLP. In 1999 he joined
Unipart Group of Companies where he held a number of positions including
Business Unit Controller and Business Process Manager for a major ERP system
implementation in North America.
Tim Barabe, the current CFO, is expected to retire from Affymetrix effective
June 28, 2013.
“I would like to thank Tim for the contributions that he has made to
Affymetrix and wish him well in his future endeavors,” said Witney.
Doug Farrell, 408-731-5285
VP, IR & Treasury
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