Affymetrix Appoints Robert Wayman to Board of Directors
March 19 2007 - 8:00AM
Business Wire
Affymetrix Inc. (Nasdaq:AFFX) announced today that Robert P.
Wayman, former executive vice president and chief financial officer
at Hewlett-Packard, has been elected to the company�s board of
directors. �We are pleased to add Robert Wayman to the company�s
board,� said Stephen P.A. Fodor, Ph.D., chairman and CEO at
Affymetrix. �He is a well-respected corporate leader with an
impeccable reputation as a financial officer. His insights and
experiences will be instrumental as we continue to grow our
commercial organization around the world.� �For the past 15 years,
Affymetrix has consistently delivered new products that provide
researchers with a more complete view of the genome,� said Wayman.
�I look forward to being a part of this innovative organization,
which continues to help accelerate scientific research and improve
patient care.� Wayman retired from HP on December 31, 2006, after
joining the company in 1969 as a cost accountant. He held a variety
of finance positions before being named CFO in 1984. He also served
as interim chief executive officer in 2005 prior to the appointment
of Mark Hurd. Wayman was elected to the HP board of directors in
February 2005 and previously served on the board from 1993 to 2002.
Wayman is also a director of Conway Inc. and Sybase Inc. About
Affymetrix Affymetrix GeneChip� microarray technology is the
industry-standard tool for analyzing complex genetic information.
After inventing microarray technology in the late 1980s, Affymetrix
scientists have been dedicated to developing innovative products
that provide researchers with a more complete view of the genome.
These products continue to accelerate genetic research and enable
scientists to develop diagnostics and tailor treatments for
individual patients by identifying and measuring the genetic
information associated with complex diseases. Today, Affymetrix
technology is used by the world�s top pharmaceutical, diagnostic
and biotechnology companies, as well as leading academic,
government and not-for-profit research institutes. More than 1,500
systems have been shipped around the world and more than 8,500
peer-reviewed papers have been published using the technology.
Affymetrix is headquartered in Santa Clara, Calif., and has
manufacturing facilities in Sacramento, Calif., and Singapore. The
company has about 1,100 employees worldwide and maintains sales and
distribution operations across Europe and Asia. For more
information about Affymetrix, please visit the company�s website at
www.affymetrix.com. Forward-looking Statements All statements in
this press release that are not historical are �forward-looking
statements� within the meaning of Section 21E of the Securities
Exchange Act as amended, including statements regarding Affymetrix�
�expectations,� �beliefs,� �hopes,� �intentions,� �strategies� or
the like. Such statements are subject to risks and uncertainties
that could cause actual results to differ materially for Affymetrix
from those projected, including the value of Robert Wayman�s
experience and expertise to Affymetrix, which is prospective; risks
of the company�s ability to achieve and sustain higher levels of
revenue, higher gross margins and reduced operating expenses;
uncertainties relating to technological approaches, manufacturing
and product development; personnel retention; uncertainties related
to cost and pricing of Affymetrix products; dependence on
collaborative partners; uncertainties relating to sole-source
suppliers; uncertainties relating to FDA and other regulatory
approvals; competition; risks relating to intellectual property of
others and the uncertainties of patent protection and litigation.
These and other risk factors are discussed in Affymetrix� Form 10-K
for the year ended December 31, 2006, and other SEC reports,
including its Quarterly Reports on Form 10-Q for subsequent
quarterly periods. Affymetrix expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Affymetrix� expectations with regard thereto or any change in
events, conditions or circumstances on which any such statements
are based. NOTE: Affymetrix, the Affymetrix logo and GeneChip� are
registered trademarks owned or used by Affymetrix Inc.
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