SAN DIEGO, June 27, 2012 /PRNewswire/ -- Sequenom, Inc. (NASDAQ: SQNM), a life sciences company providing innovative genetic analysis solutions, today announced the appointment of Carolyn Beaver to Vice President and Chief Accounting Officer.
"Carolyn's strong background and financial acumen make her an extremely valuable complement to the Sequenom management team," said Paul Maier, Sequenom's Chief Financial Officer. "We look forward to her contributions in continuing to pursue functional excellence in finance and accounting within our growing organization."
Ms. Beaver was previously employed with Beckman Coulter, Inc., a global biomedical testing manufacturer, and served in various roles, including Corporate Vice President, Controller and Chief Accounting Officer since August 2005. Since its acquisition by Danaher Corp. in June 2011, Ms. Beaver continued to serve at Beckman Coulter, Inc. as the Corporate Vice President, Controller. From 1987 until 2002, Ms. Beaver was a partner with KPMG LLP. Ms. Beaver also currently serves as a director of Commerce National Bank, a position she has held since 2005. Ms. Beaver holds a B.S. in Accounting from California State Polytechnic University, Pomona.
In connection with her appointment, Ms. Beaver received a nonqualified stock option grant for 100,000 shares of common stock under our New Hire Equity Incentive Plan. The option has an exercise price of $4.14, which was equal to the closing price of Sequenom's common stock on June 26, 2012, the effective date of her employment. This option will vest and become exercisable by Ms. Beaver over four years, with 25% vesting on June 26, 2013 and ratably monthly thereafter, subject to her continued service through the applicable vesting dates. The option will expire after ten years. This option is granted as an inducement grant pursuant to Sect
|SOURCE Sequenom, Inc.|
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