Odyssey Marine Exploration Appoints Philip S. Devine as Chief Financial
TAMPA, Fla., Sept. 17, 2013 (GLOBE NEWSWIRE) -- The board of directors of
Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), a pioneer in the field of
deep-ocean exploration, appointed Philip S. Devine as chief financial officer,
effective September 16, 2013. Devine, who has been working as a consultant for
Odyssey since August 1, 2013, succeeds Michael J. Holmes, whose intention to
retire was reported in January.
"Michael joined Odyssey nearly 10 years ago after a long successful career
with Anheuser-Busch, and at the time indicated that he only wished to stay in
corporate finance for a maximum of three more years," said Greg Stemm,
Odyssey's chief executive officer. "His decision to stay with the company for
nearly a decade has been a great thing for Odyssey – his steady hand and wise
counsel have been much appreciated and he has played an important role in the
growth of the company. We thank him for his significant contributions to our
success, and wish him all the best in the new phase of his life."
Philip Devine's appointment came after an extensive recruitment process that
included interviews with many highly qualified candidates for the CFO
position. Prior to joining Odyssey, Devine served as CFO of a number of
publicly-traded companies with operations in Europe and the United States.
Most recently, he worked as a financial consultant via Decofi sprl and as the
CFO of two biotechnology companies, MDxHealth SA (NYSE Euronext:MDXH) and
Tibotec-Virco (sold to Johnson & Johnson).
Mark Gordon, Odyssey's president and chief operating officer, commented:
"Philip's management experience at several international, publicly-listed, and
entrepreneurial companies makes him a valuable addition to our team. He has
been working closely with us as a consultant prior to taking the CFO position
in order to ensure a smooth transition. We look forward to bringing Philip's
multi-faceted experience to our expanding operations, which now also include
off-shore exploration for natural resources."
"I am excited to join Odyssey at this time due to the company's tremendous
growth potential and improved financial position," said Devine. "Having
invested in the company personally, I am especially optimistic and
enthusiastic about the potential of Odyssey for all shareholders."
Earlier in his career, Devine worked six years as a strategic consultant for
McKinsey & Company, serving Fortune 500 companies throughout the United
States, Latin America and Europe. He started his career as an auditor/CPA with
Deloitte & Touche where he primarily served publicly-listed companies.
Devine obtained a MBA degree at INSEAD (France), MSA degree at Bentley
College, CPA license in Massachusetts, and BA degree at Dartmouth College. He
is a U.S. citizen who was born in Brazil and who has worked and lived in the
U.S., Europe and Latin America.
About Odyssey Marine Exploration, Inc.
Odyssey Marine Exploration, Inc. (Nasdaq:OMEX) is engaged in deep-ocean
exploration using innovative methods and state-of-the-art technology for
shipwreck projects and mineral exploration.
For additional details, please visit www.odysseymarine.com. The company also
maintains a Facebook page at http://www.facebook.com/OdysseyMarine and a
Twitter feed @OdysseyMarine.
Forward Looking Information
Odyssey Marine Exploration believes the information set forth in this Press
Release may include "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain
factors that could cause results to differ materially from those projected in
the forward-looking statements are set forth in "Risk Factors" in Part I, Item
1A of the Company's Annual Report on Form 10-K for the year ended December 31,
2012, which has been filed with the Securities and Exchange Commission.
CONTACT: MEDIA CONTACT:
Odyssey Marine Exploration, Inc.
(813) 876-1776 x 2335
INVESTOR RELATIONS CONTACT:
Liolios Group, Inc.
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