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Odyssey Marine Exploration Announces the Departure of its Chief Financial Officer
TAMPA, Fla.--(BUSINESS WIRE)-- Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a global subsea mineral exploration, validation, and development company,
About this update from Odyssey Marine Exploration, Inc.
[{"type":"text","content":" TAMPA, Fla.--(BUSINESS WIRE)--\nOdyssey Marine Exploration, Inc. (NASDAQ: OMEX), a global subsea mineral exploration, validation, and development company, announced that Christopher E. Jones, Odyssey’s Chief Financial Officer (CFO), will leave the company on July 7, 2023, to pursue another opportunity.\n\n\nMr. Jones will continue to support Odyssey in an advisory role after his departure. Odyssey intends to appoint an experienced interim CFO, while Odyssey searches for a permanent CFO with a skill set that aligns with Odyssey’s future growth plans. During this period, the company expects to reduce its administrative expenses but will continue to have appropriate management and controls in place.\n\n\n“Throughout his two years with Odyssey, Mr. Jones has been a valuable member of our team who was able to arrange and execute complex financial transactions. His focus on and success in improving our balance sheet, eliminating outstanding debt, and improving our liquidity places Odyssey in a position to achieve our next set of goals as we continue to build our portfolio and position our company as the world’s leading marine mineral development company,” said Mark Gordon, Odyssey’s Chief Executive Officer.\n\n\nThe company continues to evaluate its organizational structure to support its business goals and plans to add experienced mining industry veterans to its current management team, further enhancing its ability to improve the value of its growing portfolio of mineral investments.\n\n\n“I remain excited about Odyssey’s future as the company continues exploring the ocean for critical mineral resources in increasingly high demand. Odyssey is in a better position now to continue transitioning towards leadership in marine mineral exploration and investment,” said Mr. Jones.\n\n\nOdyssey does not expect Mr. Jones’ departure to impact its initiatives, including its recently announced investment in Ocean Minerals, LLC (OML).\n\n\nAbout Odyssey Marine Exploration\n\n\nOdyssey Marine Exploration, Inc. (Nasdaq: OMEX) is a deep-ocean exploration pioneer engaged in the discovery, validation and development of subsea mineral deposits in a socially and environmentally responsible manner. Odyssey provides marine services for private clients and governments who are interested in exploring their Exclusive Economic Zone (EEZ) to survey, map and i...