More NewsPacific Biosciences Appoints Susan Barnes as CFO

Pacific Biosciences Appoints Susan Barnes as CFO

Pacific Biosciences, a firm that developed a disruptive technology platform for real-time detection of biological events at single molecule resolution, has appointed Susan Barnes as chief financial officer (CFO).

Barnes has nearly 30 years experience in senior financial management. From 1997 to 2005, she was senior vice president, finance and CFO of Intuitive Surgical. She started at Intuitive Surgical as its first full-time finance person during the company’s early development stages, and retired when it was a public company with a market capitalisation of more than US$3bn and positive cash flow of more than US$50m a year.

From 1994 to 1996, Barnes was managing director of the private equity group at Jefferies & Company. From 1991 to 1994, she was CFO and managing director of
Richard C. Blum and Associates, a merchant banking company with more than US$500m in funds under management. From 1985 to 1991, she served as vice president and CFO of NeXT Computer, a company she helped start with Steve Jobs after serving as controller of the Macintosh division at Apple Computer from 1981-85. Barnes received a BA from Bryn Mawr College and an MBA from the Wharton School, University of Pennsylvania.

The appointment of a CFO at Pacific Biosciences reflects the company’s growth into a commercial enterprise requiring the expansion of its finance department to support worldwide operations.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

3m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi