SYDNEY, AUSTRALIA: Seafarms Group Limited (ASX: SFG) announced that Chief Executive Officer Mick McMahon will step down as CEO and Executive Chairman effective immediately.
Mick McMahon will assist with any handover required to his replacement.
Ian Trahar will replace Mr McMahon as Non-Executive Chairman and an announcement regarding the new CEO will be made in due course.
The EGM that was announced on the 29th of April will no longer be required.
Seafarms Group Limited (ASX: SFG) is a sustainable aquaculture company, producing the premium Crystal Bay® Prawns and developing the Project Sea Dragon prawn aquaculture project in northern Australia.