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Affymax, Inc. (AFFY) CEO Steps Down as Restructuring Firm Steps in


5/15/2013 8:57:51 AM

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John Orwin is out — sort of — at beleagured Affymax Inc. Orwin will step down from his CEO job May 15 as The Brenner Group Inc., a Cupertino restructuring firm, launches a company-wide restructuring plan. Orwin, however, will remain on Affymax's board of directors. Palo Alto-based Affymax (NASDAQ: AFFY) said it will appoint a Brenner Group representative as CEO "in the coming weeks" and name Brenner Group personnel as company officers.

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