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Intervac (IVAC +0.7%) founder Norman Pond, 74, is stepping down as CEO, but will remain...

Intervac (IVAC +0.7%) founder Norman Pond, 74, is stepping down as CEO, but will remain chairman. Wendell Blonigan, the head of Orbotech's (ORBK -1.3%) solar equipment JV, has been named Intervac's new CEO. (PR)
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