Baycorp says CFO departure will make no difference

The Sydney Morning Herald said today that Baycorp's managing director Keith McLaughlin would not elaborate on Mr Wilson's decision to resign, except to say that it was for personal reasons.

However, he said the move would not have any implications for the company's financial position.

"I think we have a really robust management team in Baycorp. From my perspective it's business as usual. We have a strong finance team within this organisation."

Baycorp Advantage has come under pressure after a disappointing first-half loss of $11.9 million last month . Shares in Baycorp have fallen from $3.25 before its November profit scare but were little moved yesterday, trading up 2c this morning at $1.28.

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