SAN DIEGO, Sept. 24, 2013 /PRNewswire/ -- Senomyx, Inc. (NASDAQ: SNMX), a company using proprietary taste science technologies to discover, develop, and commercialize novel flavor ingredients for the food, beverage, and ingredient supply industries, announced today that Kent Snyder, Chairman of the Board of Directors and Chief Executive Officer of the Company, will be retiring from the CEO position as of January 2, 2014. Mr. Snyder will continue to serve as the Chairman of the Company's Board of Directors, a role he has held since May 2008.
The Board of Directors has appointed John Poyhonen to succeed Mr. Snyder as Chief Executive Officer, effective January 2, 2014. Mr. Poyhonen was named the Company's President and Chief Operating Officer in September 2009, and has been a member of the Senomyx senior management team for 10 years. Since joining Senomyx Mr. Poyhonen has served in various roles of increasing responsibility, including as the Company's Chief Business Officer and Chief Financial Officer. Mr. Poyhonen will also join the Board of Directors at the time he assumes the role of CEO and he will remain the Company's President.
"During the past ten years, Senomyx's proprietary technologies have led to a robust patent portfolio, regulatory approvals for 11 novel flavor ingredients, sales of our ingredients by world-class partners, and the launch of a new direct sales strategy," Snyder stated. "This year marked my tenth anniversary at Senomyx and I have never felt better about our strategy than I do now. It is an opportune time for me to retire and hand over the daily operations to John Poyhonen. John knows the company thoroughly, has excellent relationships with our collaborator
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