Ecofibre Limited's CEO Resignation Announcement

Ecofibre Limited (ASX:EOF) announced the resignation of their Managing Director and CEO, Eric Wang, effective immediately. Eric Wang, who joined the company in 2016 as CFO and Executive Director, has played a pivotal role in leading the business through significant business cycles and reshaping its focus on advanced manufacturing capabilities.

Chairman and Interim CEO's Comments on the Resignation

Chairman Vanessa Wallace expressed gratitude to Eric Wang for his dedication and contribution to Ecofibre's growth, while Eric Wang thanked the shareholders, staff, and leadership team for their support over the past seven years. Vanessa Wallace will serve as the interim managing director and CEO, and the company will initiate a comprehensive search for a new CEO.

Summary of Ecofibre's Announcement

Ecofibre Limited (ASX:EOF) announced the immediate resignation of Managing Director and CEO, Eric Wang. The company expressed gratitude for Eric Wang's leadership during significant business cycles and his role in reshaping the business focus. Vanessa Wallace will take on the role of interim managing director and CEO while the company commences a search for a new CEO. Ecofibre owns a portfolio of advanced manufacturing businesses focusing on sustainable polymers, natural health care, plant-based foods, genetics, and pharmaceutical treatments for gynecological diseases. The company continues to pursue its corporate strategy and growth in the United States and Australia.