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MTI fires chief executive officer

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Mechanical Technology Inc. fired CEO Peng K. Lim on Monday, according to a Wednesday filing with the U.S. Securities and Exchange Commission. MTI’s board of directors decided Sept. 6 to terminate Lim, who has worked at the Albany-based company since 2006. The company’s lead independent director, Kevin G. Lynch, will serve as acting CEO until a replacement is named, according to the filing. During his first month in the role, Lynch will serve as advisor ...

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