SANTA CLARA, Calif.--(BUSINESS WIRE)--
Affymetrix, Inc. (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.
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VP, IR & Treasury