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
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.