Photon Dynamics

(PHTN)

named Maureen Lamb financial chief, replacing Richard Okumoto, who will leave because of health issues.

"Lamb is a perfect fit for our company, and has exactly the background that we need," said CEO Jeffrey Hawthorne. "As the vice president of finance at

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for the past several years, she has led the worldwide finance and accounting teams and has been responsible for

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reporting, tax and treasury."

On Friday, Photon Dynamics rose 37 cents to $18.79.