Effective July 26, 2012, Joffre B. Baker, Ph. D., ceased to be the chief scientific officer and an executive officer of Genomic Health Inc. and became a senior fellow of the company. Also effective July 26, 2012, Steven Shak, M.D., chief medical officer of the company, assumed responsibility for managing the research operations of the company formerly managed by Joffre B.Baker, under the title executive vice president of Research and Development and chief medical officer. On July 26, 2012, the board of directors of the company elected Felix J. Baker, Ph.D., a member of the board of directors of the company. In addition, Dr. Baker was appointed to the compensation committee of the board of directors. Felix J. Baker is a managing partner of Baker Brothers Investments, which he and his brother, company director Julian C. Baker, founded in 2000. Dr. Baker currently serves as a director of Seattle Genetics Inc. and Synageva BioPharma Corp., both of which are publicly-traded biotechnology companies. In addition, Dr. Baker previously served as a director of AnorMED Inc., Ardea BioSciences Inc., ConjuChem, Biotechnologies Inc., Neurogen Corporation and Trimeris Inc., all of which were publicly-traded companies during Dr. Baker's service as a director.