Abcam Founder Seeks to Oust Chairman of $4 Billion Biotech (2)

Abcam Plc founder Jonathan Milner said he’s taking steps to call an extraordinary general meeting of shareholders to oust the chairman of the biotech supplier he started 25 years ago.

The British scientist, who was offered a non-executive director position under certain conditions, is now pushing to join the board as executive chairman to replace current chairman Peter Allen, according to a statement Wednesday that confirmed an earlier Bloomberg News report.

Abcam Headquarters in Cambridge, UK

Source: Abcam Plc.

“The extraordinary general meeting is an opportunity for shareholders to send a clear message to the Abcam board that we are dissatisfied with the company’s recent ...