Helicos President Resigns
Luke Timmerman2/12/10
Helicos Biosciences (NASDAQ: HLCS), the Cambridge, MA-based maker of genetic analysis instruments, said today in a regulatory filing that president Steve Lombardi has resigned. Lombardi’s exit was official as of February 11 from his full-time job and from his position on the board of directors. Helicos didn’t say why Lombardi is leaving, but noted that it wasn’t because of a disagreement with the company over operations, policies, or practices. Lombardi will continue to earn his salary through August 31, at his annual base rate of $375,000. Lombardi had been CEO of Helicos from August 2008 to December 2008, when he was replaced in the company’s top job by Ronald Lowy.
Luke Timmerman is the National Biotech Editor of Xconomy, and the Editor of Xconomy Seattle. E-mail him at ltimmerman@xconomy.com or follow him on Twitter at twitter.com/ldtimmerman.
