Clean Seas appoints CEO, business update

Company News


Clean Seas Tuna Limited (ASX:CSS) says it has appointed David Head as CEO and Managing Director.
 
Mr Head has previously held Chief Executive roles with Pepsi and Lion Nathan and also brings extensive Board experience to the company. 
Outgoing CEO Dr David Foster will remain with Clean Seas as a biological consultant. 
 
The company also said that costs of a strategic sales and marketing plan have been around $4 million higher than anticipated. 
 
It expects to book a $7 million loss in the first half of the 2016 financial year but then expects to return to profit in the second half. 
 
Clean Seas reported a net profit of $4.1 million for the 2015 financial year. 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?