Salty farewell for Seafarms CEO Mick McMahon after boardroom coup

 The Seafarms Group (ASX: SFG) board brought in Mick McMahon to lead their ambitious aquaculture plan Project Sea Dragon, but instead he commissioned a feasibility study that poured cold water on the development. 

There seems to be a clear winner of the boardroom battle at Seafarms Group with the announcement Mick McMahon will step down as CEO and executive chairman with immediate effect.

Two weeks after the largest shareholder, long-time investor and fellow board member Ian Trahar called for a change in leadership at the prawn company, he has wrested back control of the business and will replace McMahon as non-executive chairman.

Read More: https://www.businessnewsaustralia.com/articles/seafarms-ceo-mick-mcmahon-ousted-following-boardroom-coup.html



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