Business
Personalis Grows Leadership Team with Appointment of Christopher Hall as Senior Vice President and Head, Diagnostics Business
MENLO PARK, Calif.--(BUSINESS WIRE)-- Personalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics for cancer, today announced the appointment of
About this update from Personalis, Inc.
[{"type":"text","content":" MENLO PARK, Calif.--(BUSINESS WIRE)--\nPersonalis, Inc. (Nasdaq: PSNL), a leader in advanced genomics for cancer, today announced the appointment of Christopher Hall as SVP and Head, Diagnostics Business. As part of the executive leadership team, Hall will drive the vision and strategy for commercializing Personalis’ diagnostic product offerings.\n\n“We are excited to welcome Chris given his immense experience in successfully scaling diagnostics businesses,” said John West, CEO of Personalis. “He is a great fit for Personalis as we expand into the clinical market. His track record is impressive – from CEO of a health technology start-up focused on multi-omics, to prior roles including leading Veracyte’s commercial organization, launching its products, and growing the business to nearly $100 million in diagnostic revenue.”\n\nHall brings over 20 years of experience in general management and product development within the diagnostics industry, most recently as CEO of Naring Health, Inc. Previously, he served as President, COO, and Chief Commercial Officer at Veracyte, Inc., where he led the company’s commercial entry into endocrinology and pulmonology and scaled its operational groups. Hall also served as SVP and Chief Business Officer at Berkeley HeartLab, Inc. (part of Celera Corporation), where he helped a new product launch and restructured operations to improve profitability and streamline delivery of services.\n\nHall holds BA in political science and economics from DePauw University and an MBA from Harvard Business School.\n\nInducement Awards\n\nEffective on October 31, 2022, the Compensation Committee of Personalis' Board of Directors granted non-qualified stock options to purchase an aggregate of 275,000 shares of its common stock and restricted stock units (RSUs) covering an aggregate of 225,000 shares of its common stock to Hall under Personalis’ 2020 Inducement Plan. The inducement awards were granted to Hall as an inducement material to his entering into employment with Personalis, pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. The inducement stock options have an exercise price of $2.67 per share, which is equal to the closing price of Personalis’ common stock on October 31, 2022, and will vest over four years, with 25% of the shares vesting on the first anniversary of the grant date and 1/36th of the rem...