Luminex CEO Patrick Balthrop Retires; Names Nachum Shamir CEO - Quick Facts

(RTTNews) - Luminex Corp. (LMNX) said that Patrick Balthrop, Sr. has retired as President and Chief Executive Officer. Meanwhile, the company has named Nachum "Homi" Shamir as President and CEO.

Balthrop has resigned as a director but will continue to serve the company and its shareholders as a consultant to the Board and Shamir, and will be assisting in the transition through April 14, 2015. Shamir is expected to be invited to join the board of directors.

Most recently, Shamir served as President and Chief Executive Officer at Given Imaging from 2006 until February 2014 when the company was acquired by Covidien plc in a transaction valued at approximately $1 billion.

Before joining to Given Imaging Ltd., Shamir served as Corporate Vice President of the Eastman Kodak Company and as the President of Eastman Kodak's Transaction and Industrial Solutions. Shamir served over 10 years at Scitex Corporation where he had a track record of achievement and increasing responsibility, including serving as President and Chief Executive Officer from 2003-2004. Before joining Scitex, Mr. Shamir held senior management positions at various international companies mainly in the Asia Pacific region.