With replacement of many senior leadership across Illumina (many millenia of experience lost), it seems that Illumina is focussed on management rather than leadership. I am worried about the future, so many new hires have no market experience and they are making poor decisions because of it. Being finance led has only diminished Illumina, what growth opportunities are there now? Increasing pricing isn’t a strategy but with no experience it seems this is the only lever left to pull. If Jacob was a good leader he would have a plan, but instead he is hoping the market delivers one to illumina because all of the market building staff are now gone, and the replacements don’t care about illumina, just see it as a short stop on a career journey. From a revenue perspective Illumina will decline from here or at best stay flat. Good luck.
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@h0 who is vastly better?.
Yes, the share price is finally moving up but that is more driven by the market than Jacob. No clear strategy, just chasing shiny things like multiomics which will take ages to recover the investment.
The only job a CEO has is to increase shareholder value which Jacob has done. The new leadership is vastly better than what was there before. I have no concerns.