Skip to main content

GenMark Diagnostics Announces CEO and Chairman Transition

Written by Customer Service on . Posted in Public Companies.

CARLSBAD, Calif., Feb. 10, 2020 (GLOBE NEWSWIRE) — GenMark Diagnostics, Inc. (NASDAQ: GNMK), a leading provider of automated, multiplex molecular diagnostic testing systems, today announced that Scott Mendel, Chief Operating Officer, has been appointed Interim President and Chief Executive Officer effective immediately. Hany Massarany has stepped down as President and CEO and as a member of the company’s Board of Directors, effective immediately. A search has commenced to identify a permanent CEO.
Concurrently Kevin O’Boyle has been appointed Chairman of the Board and James Fox, PhD., GenMark’s prior Chairman, will remain on the Board as a non-executive director.“On behalf of the entire Board of Directors, I would like to thank Hany for his leadership throughout his tenure at GenMark. He led the company through multiple pivotal phases of growth including the FDA approval and launch of both the XT-8 and ePlex systems and their corresponding assays. Today the company stands well positioned to take share in a rapidly growing market,” said Kevin O’Boyle Chairman of the GenMark Board of Directors. “We are confident that Scott’s experience at the company and track record leading its financial, manufacturing and product development organizations will provide a seamless transition.”“I am confident that we have the right technology, strategy, and team in place at GenMark to be the leader in rapid multiplex molecular testing,” added Scott Mendel, President and Interim Chief Executive Officer. “In the upcoming year, we will continue to drive sustainable revenue growth, gross margin expansion and improved profitability.”Mendel has served as GenMark’s Chief Operating Officer since February 2019. Previously, he served as Chief Financial Officer since joining the company in 2014.  Prior to joining GenMark, Mendel held various roles of increasing responsibility at The Active Network and GE Healthcare. He received a B.S. in finance from Indiana University and an M.B.A. from Northwestern University’s Kellogg School of Management. Fourth Quarter and Fiscal Year 2019 Financial Results
GenMark plans to release its fourth quarter and fiscal year 2019 results after market close on Monday, March 2, 2020. Management will host a conference call to review the company’s financial performance and guidance for 2020 starting at 4:30 p.m. ET on the same day.About GenMark Diagnostics
 GenMark Diagnostics (NASDAQ: GNMK) is a leading provider of multiplex molecular diagnostic solutions designed to enhance patient care, improve key quality metrics, and reduce the total cost-of-care. Utilizing GenMark’s proprietary eSensor® detection technology, GenMark’s eSensor XT-8® and ePlex® systems are designed to support a broad range of molecular diagnostic tests with compact, easy-to-use workstations and self-contained, disposable test cartridges. GenMark’s ePlex: The True Sample-to-Answer Solution™ is designed to optimize laboratory efficiency and address a broad range of infectious disease testing needs, including respiratory, bloodstream, and gastrointestinal infections.  For more information, visit www.genmarkdx.com.Investor Relations Contact
Leigh Salvo
(415) 937-5404
ir@genmarkdx.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.