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Hercules Capital chairman/CEO steps down

Manuel Henriquez stepped down as chairman and CEO of Hercules Capital Inc., effective immediately.

Henriquez is a founder of the venture lending company and has served as its chairman and CEO since 2004, according to information from S&P Global Market Intelligence. He will continue as a board member and an adviser to Hercules Capital.

The company named lead independent Director Robert Badavas interim chairman and Chief Investment Officer Scott Bluestein interim CEO.