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Abound Solar Inc., which in December received a $400 million loan guarantee to build two panel factories, named Craig Witsoe as president and chief executive, replacing Tom Tiller, who will become chairman.

The changes take effect Nov. 1, the Loveland-based thin-film solar company said Monday in a statement. Tiller, 50, said he is relinquishing the CEO duties to attend to personal issues.

The Energy Department’s loan guarantee program has come under political fire after Solyndra LLC filed for bankruptcy Sept. 6.

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