- Ocean Grown Abalone (OGA) has restructured its executive management team to maximise margins and facilitate business growth
- Effective today, OGA’s current Managing Director, Brad Adams, will move to the position of Executive Director Corporate Development, while Rob Jorden has been appointed Chief Executive Officer
- No changes will be made to Adam’s current contract of employment, despite the role change
- Rob Jorden will receive a base salary of $225,000 per annum, plus superannuation and use of a company car
- Ocean Grown Abalone is down 3.49 per cent, trading at 8.3 cents
Ocean Grown Abalone (OGA) has restructured its executive management team to maximise margins and facilitate business growth.
Effective today, OGA’s current Managing Director, Brad Adams, will move to the position of Executive Director Corporate Development, while Rob Jorden has been appointed Chief Executive Officer.
Brad Adams has been Managing Director of OGA since before the company was first listed on the ASX on October 2017, and was instrumental in establishing production from the Augusta ranching operations.
His new role will see him focus full-time on business development and the development of the company’s proposed onshore abalone hatchery and grow-out facility. The proposed facility will be located in Esperance, Western Australia and is being developed in a joint venture with Yumbah Aquaculture.
Despite the change in title and job description, no changes will be made to Adam’s contract of employment.
“This is an exciting time for the Company as we ramp up production from Augusta and commence detailed studies on the Esperance hatchery and grow out facility in joint venture with Yumbah,” said Chairman of OGA, Peter Harold.
“The executive management changes will allow Brad to focus on the various business development opportunities, in particular Esperance, while still having ongoing involvement with the Augusta operations and provide leadership on the Board.”
In his new role as CEO, Rob Jorden’s will initially focus on the Augusta ranching activities and sales, plus marketing opportunities for the company’s abalone product.
Jorden spent the last thirty years as a management consultant, specialising in start-up and turnaround situations. At his previous role with GPR Dehler he ran the business development and operations for Australasia. Rob has also been consulting Ocean Grown Abalone since late last year.
“The newly created CEO role is designed to increase the capabilities within the business with a key focus on operational efficiencies at Augusta, sales and marketing to improve operating margins as production ramps up and implementing the growth strategy. We are delighted to have been able to attract a candidate of Rob’s experience to fill the new CEO role,” said Peter Harold.
Rob Jorden will receive a base salary of $225,000 per annum, plus superannuation and use of a company car. The company will also pay reasonable relocation costs from Queensland to Western Australia.
The company says these management changes will strengthen its executive team and ensure it can achieve corporation objectives to become a profitable, large-scale abalone producer.
Ocean Grown Abalone is down 3.49 per cent, trading at 8.3 cents at 2:40 pm AEDT.