Nanosphere said this month in its fourth-quarter financial report that it has promoted Michael McGarrity to succeed William Moffitt as its new president and CEO.
McGarrity previously was vice president of sales and marketing and chief commercial officer at the Northbrook, Ill.-based firm. Moffitt had led Nanosphere as CEO and president since his appointment in 2004.
As part of the shakeup, Moffitt, William White, Mark Slezak, and Roy Davis all resigned from Nanosphere's board of directors. The company said it has appointed Sheli Rosenberg, Michael Ward, and McGarrity to replace them. Rosenberg, who served on Nanosphere's board from 2002 to 2012, will be its new chair.