Ramesh Balwani Biography
(CEO of Theranos)
Ramesh “Sunny” Balwani is a Pakistani-American former executive. He served as the president and chief operating officer at Theranos, a privately held health technology company that made false claims of creating a new blood test procedure in which a very small amount of sample is needed. A native of Pakistan, Balwani came to the United States in 1986 and attended the University of Texas at Austin. After earning an undergraduate degree from there, he worked in the technology sector for several years, co-founding the software development company CommerceBid.com. In the early 2000s, he returned to school to pursue an M.B.A. degree from the University of California, Berkeley. It was there that he met his future girlfriend and collaborator, Elizabeth Holmes. Theranos was founded by Holmes in 2003, and in 2009, Balwani joined the company as its COO and president. In 2015, the company began to attract criticism for its unsubstantiated claims and dubious practices. In March 2018, the U.S. Securities and Exchange Commission charged Balwani with four violations of the US Security Act. Three months later, US federal prosecutors indicted him and Holmes for fraud and conspiracy.