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Cadiz names Slater CEO

LOS ANGELES (AP) -- Renewable resources company Cadiz said Thursday that it named President Scott Slater its CEO.

Slater, who is also a board member, takes over the position from co-founder Keith Brackpool. He has worked at the Los Angeles company since 2008.

Brackpool has been CEO since 1991 and will remain chairman, a post he's held since 2001.

Slater becomes CEO on Feb. 1.

Cadiz Inc. shares rose 18 cents, or 2.5 percent, to $7.47 in afternoon trading Thursday. Over the past 52 weeks, the stock has traded between $6.48 and $11.