© Reuters. FILE PHOTO: Flags wave in front of Illumina’s global headquarters in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake
(Reuters) -Proxy advisory firm Institutional Shareholder Services (ISS) on Friday recommended that gene-sequencing giant Illumina Inc (NASDAQ:)’s shareholders vote for activist investor Carl Icahn’s nominee Andrew Teno.
Teno has served on the boards of FirstEnergy (NYSE:) and Southwest Gas (NYSE:) and ISS recommended that he replace Illumina’s Chairman John Thompson.
ISS, however, recommended against the others nominated by Ichan and recommended shareholders withhold support from Thompson and dissident nominees Vincent Intrieri and Jesse Lynn.
This story originally appeared on Investing
