Jofie Yordan · · 1 min readEFishery names interim CEO, CFO amid investigation
Photo credit: eFishery
Indonesia-based aquaculture unicorn eFishery has appointed Adhy Wibisono as interim CEO and Albertus Sasmitra as interim chief financial officer amid an ongoing investigation into alleged financial irregularities.
DealStreetAsia first reported the news yesterday, revealing that co-founders Gibran Huzaifah and Chrisna Aditya had been suspended from their respective posts as CEO and chief product officer.
“This decision, reached in unison with our shareholders, showcases our commitment to improving the company’s governance,” the company said in a statement.
Before joining eFishery, Wibisono served as CFO at NWP Property and GoPay. Meanwhile, Sasmitra is a director at Northstar Group, one of eFishery’s investors.
In response to the situation, eFishery stated that it is “fully aware of the gravity of the market speculation regarding this decision” and is treating the matter with “the utmost seriousness.”
This marks eFishery’s second C-level leadership change this year. In April, former CFO Dhianendra Laksmana also resigned.
The company has been expanding its footprint in India, where it launched commercial operations in January. In March, it completed the acquihire of DycodeX, an Indonesia-based IoT firm.
EFishery has raised a total of US$415 million in funding to date, including US$30 million in debt financing from HSBC Indonesia in May.
Editing by Thu Huong Le and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
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