Exact Sciences CEO, financial officer resign

By Associated Press
March 18, 2009 | Comments (0)

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Colon cancer test developer Exact Sciences Corp. said Wednesday President and Chief Executive Jeffrey R. Luber and Chief Financial Officer Charles R. Carelli Jr. resigned.

The company did not give a reason for either resignation, which are both effective April 2. They will stay with the company through a transition period.

Kevin T. Conroy, 43, is the new president and CEO. He will join the board of directors immediately. He most recently worked as CEO of Third Wave Technologies Inc., which was bought last year by Hologic Inc.

Maneesh K. Arora, 40, is the new chief financial officer. Arora was previously chief financial officer at Third Wave Technologies.

Shares of Exact rose 2 cents, or 2.4 percent, to close at 83 cents per share. The stock has traded between 22 cents and $3.04 over the last 52 weeks.

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