- East 33 (E33) confirms the resignation of James Garton as CEO and director of the company, effective today
- The company hasn’t disclosed Mr Garton’s reason for leaving but says it will look for a new CEO for the next phase of its operational development
- The board thanked Mr Garton for his hard work over the years, particularly through the challenges faced during COVID-19, extensive floods and QX disease
- An external recruitment process will commence with the aim to appoint a new CEO in the first half of the year
- Shares in E33 are down 4.44 per cent to trade at 4.3 cents at 11:34 am AEDT
East 33 (E33) has confirmed the resignation of James Garton as CEO and director of the company, effective today.
The Sydney rock oyster producer and supplier didn’t disclose reasons for his resignation but said it will now move to identify and appoint a new CEO for the next phase of its operational development.
The board thanked Mr Garton for his hard work over the years, particularly through the challenges faced during COVID-19, extensive floods and QX disease which infects the digestive system of Sydney rock oysters.
Under his leadership, the company said it is now “well positioned” to continue its journey.
“As a founder of East 33, James’ vision and drive has underpinned East 33’s journey to become Australia’s largest fully vertically integrated Sydney Rock Oyster company,” Chair Sarah Courtney said.
E33 said it recognised the important role Mr Garton played in its consolidation and listing on the ASX, as well as in planning the transition of its leadership.
An external recruitment process will commence with the expectation that a new CEO will be appointed in the first half of 2023.
In the interim, the current executive team will report directly to the board.
Shares in E33 were down 4.44 per cent to trade at 4.3 cents at 11:34 am AEDT.