Seafarms Group CEO Termination
Key points
- Peter Fraser's employment terminated by Seafarms Group for cause
- Rod Dyer to expand role to CEO
- Dyer has prior experience as CEO and executive director
- Announcement approved by the Board
Full summary
Seafarms Group Limited (ASX: SFG) has announced that the employment of its Chief Executive Officer, Mr. Peter Fraser, has been terminated for cause by the Company with immediate effect. Mr. Rod Dyer, who has been serving as Managing Director on a casual basis, will now expand his responsibilities to include the CEO role. Mr. Dyer's extensive experience as CEO and executive director, and later as a non-executive director, provides him with current and detailed knowledge of the company's operations and assets, including Project Sea Dragon. This announcement has been approved by the Board. Further details regarding Mr. Dyer's new appointment, including remuneration, are provided in the attached announcement.
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