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Myriad Genetics Expands Board of Directors with Election of Mark S. Davis as New Board Member

Key Takeaway: Myriad Genetics has expanded its Board of Directors with the election of Mark S. Davis, effective immediately, increasing the board size from eight to nine members. Davis, a seasoned professional with nearly four decades at Deloitte Touche LLP, is appointed to the Audit and Finance Committee. His expertise in financial accounting is expected to enhance the company's strategic decisions and shareholder value. The company expresses confidence that Davis's contributions will be significant in advancing its goals in precision medicine.

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POSITIVE FACTORS

  • Mark Davis brings extensive experience in financial accounting and public company reporting.
  • His insights are expected to help Myriad Genetics shape its future direction.
  • The addition of Davis is seen as a step towards generating long-term shareholder value.

Full Press Release Details

Myriad Genetics Expands Board of Directors with Election of Mark S. Davis as New Board Member
SALT LAKE CITY, December 10, 2024 -- Myriad Genetics, Inc. (NASDAQ MYGN), a leader in genetic testing and precision medicine, announced the election of Mark S. Davis to its Board of Directors, effective immediately, expanding the Board from eight to nine members. Additionally, Davis was also appointed to the Audit and Finance Committee of Myriad's Board.
Davis is the Senior Relationship and Growth Advisor for Cross Country Consulting. Previously, Davis enjoyed a distinguished career at Deloitte Touche LLP from 1985 until September 2024, serving in senior roles including Audit Partner, National Managing Partner of Deloitte Private Enterprises, and Managing Partner of the Long Island office. In June 2024, he was appointed to the board of directors of Yext, Inc., where he serves as a director and member of the audit committee. Davis is also a member of the advisory board of NYU-Winthrop Hospital, and the Board of Trustees at Adelphi University, where he serves on the finance and investment committee as well as the audit committee. He holds a B.B.A. from Adelphi University and is a certified public accountant.
"We are honored to welcome Mark Davis to Myriad Genetics' Board," said Louise Phanstiel, Chair of the Board of Myriad Genetics. "Mark brings a wealth of knowledge and experience in financial accounting and public company reporting, which was developed over nearly four decades of diverse management and executive leadership at Deloitte Touche LLP. We believe that Mark's insights will help Myriad Genetics shape our future direction and contribute to generating long-term shareholder value."
I am inspired by the long-standing commitment of Myriad Genetics to serve patients and healthcare providers as a leader in precision medicine, said Davis. I look forward to collaborating with the board and leadership team to further advance genetic insights into actionable solutions that have a positive impact on the lives of patients and drive shareholder value creation.
About Myriad Genetics
Myriad Genetics is a leading genetic testing and precision medicine company dedicated to advancing health and well-being for all. Myriad develops and offers genetic tests that help assess the risk of developing disease or disease progression and guide treatment decisions across medical specialties where genetic insights can significantly improve patient care and lower healthcare costs. For more information, visit www.myriad.com.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the company's belief that the addition of Mark Davis to the Board will help shape the company's future direction and contribute to generating long-term shareholder value. These "forward-looking
statements" are management's expectations of future events as of the date hereof and are subject to known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated. Such factors include those risks described in the company's filings with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K filed on February 28, 2024, as well as any updates to those risk factors filed from time to time in the company's Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Myriad is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

Frequently Asked Questions

Who is the new board member of Myriad Genetics?

Mark S. Davis has been elected to the Board of Directors of Myriad Genetics.

What role does Mark S. Davis hold at Cross Country Consulting?

Mark S. Davis is the Senior Relationship and Growth Advisor at Cross Country Consulting.

What previous company did Mark S. Davis work for?

Mark S. Davis previously worked at Deloitte Touche LLP for nearly 39 years.

What committees will Mark S. Davis serve on at Myriad?

He has been appointed to the Audit and Finance Committee of Myriad's Board.

What is the core mission of Myriad Genetics?

Myriad Genetics focuses on advancing health through genetic testing and precision medicine.

Last updated: Dec 10, 2024