XOMA CEO Engle Resigns
XOMA Ltd. (Nasdaq: XOMA) announced today Steve Engle has chosen to resign from his positions as Chief Executive Officer, President and Chairman of the Board, effective August 31, 2011. As a result, the Board has appointed John Varian, a current Board member, as interim Chief Executive Officer and W. Denman Van Ness, XOMA's Lead Independent Director, as Chairman of the Board. The Board is initiating a search for a permanent Chief Executive Officer.
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