Kansas City / MO. (ibc) Interstate Bakeries Corp. (IBC) reports that board member Philip Vachon (49) has resigned as chairman and CEO of Liberate Technologies Inc. (LT), which owned 2,25 million shares or four percent of the US bakery group common stock as of February 28. Vachon had been appointed to IBC Board of Directors on March 6. In a filing this days with the Securities and Exchange Commission (SEC), Montana based IBC said Vachon continues to own «a significant equity interest» in LT, based in San Mateo, California. Interstate Bakeries filed for Chapter 11 bankruptcy protection in September 2004.
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