By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Pacific Biosciences today announced Michael Hunkapiller is replacing Hugh Martin as the company's president and CEO, effective immediately.

Martin will remain on the company's board of directors through its next annual meeting of shareholders and has agreed to resign from the board on the date of the meeting. He will serve as a consultant to PacBio for six months, it said in a document filed with the US Securities and Exchange Commission.

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