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Vocation Limited (ASX:VET) has asked for its shares to remain suspended while flagging an interim loss and the departure of its chief. 

 

The education and training company expects to report a net loss of about $27 million in the first half of the 2015 financial year. 

 

Vocation has also advised its CEO and Managing Director Mark Hutchinson will resign once a replacement has been found. 

 

The company is currently conducting a strategic review and says it will consider all options including mergers, divestments and recapitalisation. 

 

Vocation reported a net profit of $8.27 million in the 2014 financial year.