Market briefs: SEEK, Intermoco,

SEEK CIO Carey Eaton to step down in July; Intermoco completes $1.2m rights issue; directors leave as Nine sells stake

SEEK CIO to resign in July

Online employment services company SEEK Limited (ASX:SEK) has announced the upcoming resignation of CIO Carey Eaton.

Eaton will leave the company in mid-July to return to his home country of Kenya, SEEK said. The company has started the hunt for a replacement.

Eaton has been employed at SEEK for the past four years and took the CIO mantle in 2008.

SEK shares declined 2.42 per cent during Monday's trading to $6.460.

Intermoco completes $1.2m capital raising

Utilities management provider Intermoco (ASX:INT) has completed of its nearly $1.2 million rights issue.

The company, which provides services including smart grid metering, announced the underwritten one-for-nine rights issue in January.

The funds have been used to complete the full redemption of a $2.1 million convertible note issued to Belgravia Strategic Equities, Intermoco said. INT shares stayed flat on Monday at $0.004.

Three directors step down

Automotive classifieds business (ASX:CRZ) has revealed that three of its non-executive directors have resigned.

Graham Brooke, David Gygnell and Adrian Mackenzie have all left the board, after Nine Entertainment revealed it would sell its 49 per cent stake in the company through wholly-owned subsidiary ACP Magazines. Greg Roebuck said he didn't expect the sale to affect the operational workings of the company, due to the arms-length nature of its previous arrangements with Nine and ACP.

CRZ shares fell 4.6 per cent during Monday's trading to $5.000.

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