A key executive at Seattle-based Peter Pan Seafood Company has left the group amid a deepening financial crunch in the Alaska seafood sector.

President of Operations Jon Hickman, who Peter Pan poached from rival processor Silver Bay Seafoods, was widely viewed as a significant win for Peter Pan's effort to re-invent itself following its sale to an investment group including Alaska-based private equity group McKinley Capital Management, RRG Global Partners Fund and current Peter Pan president Rodger May.

“We’d like to extend a warm hand of gratitude to Jon for his dedication and service to not just Peter Pan Seafood Company, but also to the Alaska seafood industry," said May and Peter Pan Seafoods CEO Kevin Bixler in a joint statement.