Press Release: http://shipwreck.net/pr151.html
Citing health reasons, John C. Morris has relinquished his position as CEO and Chairman of the Board of Odyssey Marine.
"As many of our friends and investors know, I have been dealing with serious health issues for some time now. I have therefore made the decision that it is in Odyssey's best interest that Greg takes over my offices. I am very proud of what we have built over the years, and with Greg at the helm I feel fully confident about the Company's future. I am excited to still be able to serve Odyssey by providing ongoing consulting services, and by continuing to maintain a substantial amount of my personal assets in the Company".
The Board of Directors of Odyssey Marine Exploration (NasdaqCM:OMEX), the world leader in the field of deep-ocean shipwreck exploration, has appointed Odyssey Co-founder Greg Stemm to the positions of Chief Executive Officer and Chairman of the Board effective January 3, 2008. The Board also appointed two new directors, Mark D. Gordon and Bradford B. Baker, and selected Dr. David Bederman to serve as Lead Director effective January 1, 2008.
Stemm will replace Co-founder John C. Morris as CEO and Chairman who on January 3, 2008 transitioned to a consulting role with Odyssey Marine Exploration.