AgriMarine Announces Results of Annual General Meeting and Appoints Chief Financial Officer

December 7, 2010 10:58

AgriMarine Holdings Inc., a leader in floating closed containment technology and production for sustainable aquaculture, is pleased to announce that at its recently held Annual General Meeting of Shareholders on December 3, 2010, shareholders approved all motions put forth at the meeting. Management's nominees to the Board of Directors were also approved, reports with reference to AgriMarine.

At the Board meeting held directly following the Annual General Meeting, the Board re-appointed Hon. John D. Reynolds P.C. as the Chairman of the Board and Richard B. Buchanan as President, Chief Executive Officer and Corporate Secretary, and nominated Mr. Frank Guo as Vice President and Chief Financial Officer of the Company. Mr. Guo replaces Mr. John H. Buchanan, who will continue as a Director of the Company and Chairman of the Audit Committee.

As a seasoned financial executive, Mr. Guo has extensive experience in corporate finance, business structuring, mergers and acquisitions, business planning, taxation, internal financial control, corporate governance, public relations, human resource management, international trade, and cross border transactions.  Raised and educated in China, his career has encompassed university lecturer, government auditor, and business executive. Mr. Guo will report to the CEO and be responsible for the Company's finance and accounting functions as well as human resource management.

Prior to joining AgriMarine, Mr. Guo held the position of Vice President and Chief Financial Officer of Daytek Electronics Corporation, a division of Daewoo International Corporation, a Korea Composite Stock Price Index (KOSPI) listed multibillion dollar company with an extensive international network. Earlier in his career, Mr. Guo was an Accounting Manager of Canadian Tire Corporation, an Auditor of Australian Audit General Office, and a university lecturer in China. He holds a Certified General Accountant designation (Canada), a bachelor of Economics (China), and an Audit Certificate (Australia).

"The Board of Directors joins me in welcoming Frank to the team", said Richard Buchanan, CEO of AgriMarine Holdings. "He brings a wealth of financial and senior executive level operational experience and will provide financial and strategic leadership to AgriMarine as it expands in China. The Company would like to thank John Buchanan for his invaluable assistance and mentoring over the past months as Interim CFO and we look forward to his ongoing involvement as a Director of the Board".

The Board also re-appointed John Buchanan (chair), D. Greg Hall and Harry Knutson to the Audit Committee; and Hon. John Reynolds P.C. (chair), D. Greg Hall and Harry Knutson to the Governance/Compensation Committee.

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