Colin Groves is director of mergers and acquisitions at Sweden-based food processing and packaging group Tetra Laval.
Ross Keeley, who has led the company for 11 years, will stay on as CEO until a new chairman is appointed.
The company today said sales for the year ending March 31 will be about $6.5 million.
SeaDragon has reported a $574,000 half-year loss.
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