SurfStitch Group Limited
(ASX:SRF) Group CEO and Managing Director has submitted an email to the Chairman stating his resignation from all positions within the group effective immediately.
The company understands Mr Cameron id pursuing an opportunity relating to a potential acquisition of SurfStich in conjunction with private equity.
The company said it has received no formal or informal proposal from, nor has it had any discussions with, private equity in relation to any potential acquisition or received any specific information from Mr Cameron.
Chairman, Mr Howard McDonald has been assigned to monitor the activities andday to day operations in the company, with Surfstitch saying that any update will be provided in due course.
SurfStitch recorded a net profit of $368,000 at 31 December 2015.
