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Glass Lewis Withholds Support for Illumina CEO in Icahn Win

Proxy advisory firm supports appointment of two Icahn nominees
Investors have cause to hold chairman accountable: Glass Lewis

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By Crystal Tse

May 10, 2023 at 1:55 PM UTC

Updated on

May 10, 2023 at 2:24 PM UTC

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Influential proxy advisory firm Glass Lewis & Co. recommended shareholders withhold support for Illumina Inc. Chief Executive Officer Francis deSouza’s reappointment to the board, in a win for activist investor Carl Icahn’s campaign at the company.

Investors should also withhold support for Chairman John Thompson and support the appointment of two of Icahn’s three nominees to the Illumina board, Glass Lewis wrote in a report Wednesday.