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Third Wave CEO Resigns, Says Firm s New Business Model Represents Excellent Time for New Leadership

NEW YORK, Dec. 15 (GenomeWeb News) - Third Wave Technologies today said that President and CEO John Puisis has resigned.

 

Kevin Conroy, vice president and general counsel, will replace Puisis. Conroy will also join Third Wave's board.

 

In a statement, Puisis said he came to Third Wave "and stayed for a specific purpose. With a new business model and ... management team in place, that purpose has been completed.

 

"Given that we fundamentally have a new company, I believe this is an excellent time to make the switch," Puisis added.

 

Puisis is credited with helping to engineer Third Wave's evolution from a tool vendor into a molecular diagnostics player.

Conroy, 40 years old, came to Third Wave from GE Healthcare, where he helped integrate the firm's acquisition of Instrumentarium Corp. A former lawyer, he also helped develop, manage, and grow the intellectual property portfolio of GE's its $1.3-billion patient-monitoring, medical imaging, and health care software business.

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