CombiMatrix Names New CEO

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CombiMatrix has appointed a new CEO. Occupying that position will be Mark McDonough, currently the chief commercial officer of the firm. He replaces the retiring R. Judd Jessup, and will formally take up his new job on March 15.

McDonough is a veteran executive. He has held positions at Ventana Medical Systems (a subsidiary of Roche), and LabCorp, where he served as vice president of sales.

CombiMatrix quoted Jessup as saying of the CEO-to-be that:

We have now refocused the organization on key markets where we are seeing rapid growth and Mark has led that execution over the past eight months. I believe the Company is headed in the right direction, is building momentum and is in very capable hands.

The article CombiMatrix Names New CEO originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends LabCorp. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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