Affymetrix founder, chairman, and CEO Stephen Fodor will relinquish his CEO responsibilities as of Jan. 1, 2009, the company said last week.
Fodor will serve as full-time executive chairman, a position in which he will “identify and advance new platform technologies and explore new market opportunities for the company,” Affymetrix said in a statement.
Kevin King, president of Affymetrix, will become CEO and a member of the board of directors on Jan. 1. King joined Affy from Thomson Healthcare in January 2007. Prior to Thomson, he held senior executive positions at GE Healthcare and Global Clinical Systems.
Fodor founded Affymetrix in 1993 and served in various roles, including president, chief operating officer, and chief technology officer, until he was appointed CEO in 1997. Fodor has served as chairman of the company’s board since 1999.