OTAQ Plc Announces Board Changes Amid Cost-Cutting Measures

OTAQ Plc, a technology company focused on aquaculture and offshore markets, has announced changes to its Board of Directors. Harald Rotsch has stepped down from the Board but will remain as the Chief Technology Officer. Sarah Stoten has resigned from her position as Non-Executive Director. Both changes are effective immediately.

The resignations were voluntary, reflecting the cost-cutting measures already underway at the company. While Rotsch remains with OTAQ, Stoten will aid in ensuring a smooth transition. The Board believes it retains the expertise necessary to fulfill the company's near-term needs, aiming for long-term success.

CEO Phil Newby expressed gratitude for the contributions of both individuals. Newby highlighted OTAQ's commitment to servicing the aquaculture and offshore markets with innovative solutions and achieving sustainable growth.