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Photon Dynamics

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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

KLA-Tencor

(KLAC)

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

SEC

reporting, tax and treasury."

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