SYEV ousts octogenerian CEO
..duties fall to septuagenerian CFO
On March 18, 2016, Seychelle's Board of Directors removed Mr. Carl Palmer from all of his operational duties with the Company, effective immediately. However, Mr. Palmer remains as a Director.
Also effective March 18, 2016, Seychelle has made the following operational changes. Mr. James Place has become the CEO and President, as well as continuing as the CFO and a Director. Ms. Elise Eggett has retained both the positions of Corporate Controller and Director as well as remaining Manager of Human Relations. In addition, Seychelle will seek a new senior executive to run the daily production operations as well as an additional individual to assist in that effort. Both the new senior executive and Ms. Eggett will report to Mr. Place, as the President and CEO of Seychelle. There may also be future additional operational changes.