Indonesian aquatech startup eFishery, which is undergoing a forensic audit following allegations of financial irregularities, is expected to continue to run its feeder business while its other divisions remain under evaluation by its new management.
The company has also appointed Martin Wong from FTI Consulting as its new CEO, replacing Adhy Wibisono, who stepped down from his role as interim CEO last month, sources told DealStreetAsia.
FTI Consulting has deployed a management team from the forensic audit team to lead the company’s restructuring. Wong is now overseeing eFishery’s transition, with a focus on business continuity and operational recovery, a source said.
