Caliper shakes up management in profitability push

Dec. 5, 2003 — Caliper Technologies Corp.’s former chief executive and co-founder is among the senior managers leaving the company in the latest phase of a reorganization plan announced in August by the microfluidics startup.


Michael Knapp, current chief technical officer, will remain with the company through the end of the year. He became CTO when the company acquired Zymark Corp. earlier this year and that firm’s CEO, Kevin Hrusovsky, assumed Caliper’s top post. Caliper also is recruiting a chief financial officer to replace James Knighton, who will leave the company early next year, according to a company news release.


The restructuring is expected to result in the loss of about 65 people, or 12 percent of the overall workforce. The reduction includes eliminating seven vice presidents’ positions. The company will also make some new hires as it moves to its new headquarters in Hopkinton, Mass. — Zymark’s home base.


Caliper, listed on Nasdaq, was trading Friday afternoon at 6.49, up from 6.36 Thursday.


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