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TAMPA, Fla. - Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a micro-cap company with a market value of $11.3 million known for its ocean exploration and seafloor mineral resource development, has announced the appointment of Larissa Pommeraud to its Board of Directors. According to InvestingPro data, the company maintains a strong balance sheet with more cash than debt. Pommeraud, an advisor to a range of companies and the current Chairman of the Board for Marine Applied Research and Exploration (MARE), brings a wealth of experience in corporate strategy, operations, and sustainability.
The company’s CEO, Mark Gordon, expressed enthusiasm about the new board member’s alignment with Odyssey’s mission of responsible mineral exploration and commitment to environmental sustainability. Pommeraud’s background includes executive roles in e-commerce, a long tenure at Bain & Company, and early career efforts in environmental responsibility at Interface (NASDAQ:TILE), Inc. and the Environmental Protection Agency (EPA).
Her educational credentials include a BA in Economics and Environmental Science & Public Policy from Harvard University and an MBA from INSEAD. With over 30 years of experience, Odyssey Marine Exploration focuses on the sustainable discovery and development of seafloor minerals, such as polymetallic nodules and subsea phosphate deposits, which are crucial for battery metals and fertilizers, respectively.
This move is part of Odyssey’s ongoing efforts to support the clean energy transition and ensure a stable phosphate supply for global food security. The company collaborates with international partners and industry professionals to deliver environmentally sound solutions for obtaining essential minerals.
The information provided in this news article is based on a press release statement from Odyssey Marine Exploration, Inc. InvestingPro analysis suggests the stock is currently undervalued, with 12 additional ProTips available to subscribers, covering crucial metrics like profitability, market performance, and growth potential. Discover more detailed insights and investment opportunities at InvestingPro.
In other recent news, Odyssey Marine Exploration Inc. has announced an adjustment to the compensation of a key executive. The company disclosed in a filing with the U.S. Securities and Exchange Commission that John D. Longley, President and Chief Operating Officer, will receive an increased annual base salary of $343,505. This change, effective January 1, 2025, was approved by the Compensation Committee of the Board of Directors. The decision marks a notable update in Odyssey Marine’s executive compensation structure. The filing did not provide further details on the reasons behind the salary increase or any additional changes for Longley or other executives. Odyssey Marine, based in Tampa, Florida, continues to maintain its current business address and fiscal year-end date. This development occurs during a time when executive pay is frequently examined by shareholders and the public. The information is derived from the latest 8-K filing with the SEC.
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