Market Overview

Intevac Announces Resignation of President and CEO Kevin Fairbairn

The Board of Directors of Intevac (NASDAQ: IVAC) today announced that
Kevin Fairbairn has resigned for personal reasons as the Company's
President and Chief Executive Officer and as a member of the Board of
Directors, effective immediately. The Board of Directors also announced
it has appointed Norm Pond as Chief Executive Officer. Mr. Pond, a
founder and former Chief Executive Officer of the company, will also
continue as Chairman of the Board of Directors.

“We appreciate Kevin's many contributions to Intevac and wish him well.
We are fortunate that Norm, with his knowledge of the company, is
available to assume the CEO role,” said David S. Dury, Lead Independent
Director.

See full press release

Posted-In: News Guidance Management

 

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