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Impax Laboratories CEO to retire

HAYWARD, Calif. (AP) -- The CEO of Impax Laboratories Inc. announced plans to retire Tuesday.

Larry Hsu will remain with the company until a replacement is hired. He also will remain on the company's board after a successor is named, Impax said.

Impax named a three-person search committee, which includes Hsu, to find and hire a replacement.

Hsu helped guide the company from its founding in 1994, becoming CEO in 2006.