Board Changes and Appointment of CFO

RNS Number : 3021G
Quixant PLC
01 March 2018
 

1 March 2018

Quixant plc

("Quixant" or the "Group")

 

Board Changes and Appointment of CFO

 

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry is delighted to announce a further strengthening and restructuring of the Board as follows:

 

·    

Nick Jarmany, currently CEO, has been appointed Vice Chairman with executive responsibility for technology leadership and innovation. Nick is a founding director of the Group and is beneficially interested in 18.4% of the Group's issued share capital;

 

 

·    

Jon Jayal, currently COO, has been appointed CEO. Jon was a key member of the design group which developed Quixant's first product in 2005. After a period in the financial sector Jon returned to Quixant in 2012 as General Manager. He was promoted to the Board as COO in June 2016;

 

 

·    

Cresten Preddy, currently CFO, has indicated her wish to have a plan in place for her to retire from a full-time role, and over the last few months the Board has conducted a process to identify a suitable replacement;

 

 

·    

Guy Millward will join the Group as CFO on 1 October 2018. Guy qualified as a Chartered Accountant at Ernst and Young in 1989. He has extensive experience as Finance Director of several public companies in the electronics, software and IT sectors. He joins Quixant from Imagination Technologies Group plc, which he joined as CFO in 2015.

 

Commenting on the changes, Nick Jarmany said:

 

"When we founded Quixant in 2005 our focus was on product innovation and development, manufacturing, marketing and sales. The Group is now a medium sized business with employees around the world and needs a strong management team with robust systems and controls. Relinquishing CEO responsibilities frees me to focus on technology and product innovation. Jon has already proved his ability to carry out CEO responsibilities and I have every confidence he will continue our track record of strong profitable growth."

 

Michael Peagram, Non-Executive Chairman of Quixant, said:

 

"As the Group continues to grow a strong management team is essential. I am delighted we have attracted someone of the calibre of Guy Millward, who I believe will make an excellent partner for Jon in his new role. I am confident he will play a critical role over the next few years as the business continues to grow."

 

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

For further information please contact:

 

Quixant plc

Tel: +44 (0)1223 892 696

Jon Jayal, Chief Executive Officer

 

 

 

Nominated Adviser and Broker:

 

finnCap Ltd

Tel: +44(0)20 7220 0500

Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance)

 

Simon Johnson / Alice Lane (Corporate Broking)

 

 

 

Financial PR:

Tel: +44(0) 20 3865 9667

Alma PR

 

John Coles / Hilary Buchanan / Susie Hudson

 

 

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming industry. The Company is headquartered in Cambridge in the UK where the global sales function is based. North America sales and sales support is run from their subsidiary in Las Vegas. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support team based in Italy. All the specialised products software and manufacturing are produced in-house and Quixant owns all its own IP some of which is protected by patents and design rights.

 

In November 2015 Quixant acquired Densitron Technologies plc. Densitron has a strong heritage in the sale of electronic display solutions to global industrial markets. Through Densitron's experienced sales team, Quixant has a robust platform to build its business into wider industrial markets. In-depth information on the Company's products, markets, activities and history can be found on the corporate website at www.quixant.com.

 

 

The following information regarding the appointment of Guy Leighton Millward, aged 52, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

Current directorships and/or partnerships:

Former directorships and/or partnerships (within the last five years):

Eckoh plc

ADV Management Services Ltd

Advanced 365 Limited

Advanced Business Software And Solutions Limited

Advanced Business Software and Solutions Pte. Ltd

Advanced Computer Software Group Limited

Advanced Computer Software Group plc

Advanced CS Australia Pty Limited

Advanced Health And Care Limited

Advanced Legal Solutions Limited

Advanced Ticketing Limited

Alphalaw Limited

BH Bidco Limited

BH Midco Limited

BH Topco Limited

Bighand Holdings Limited

Bighand Limited

Bristol Interactive Technology Limited

Caustic Graphics Inc

Cobaltside Limited

Compass Computer Consultants Limited

Computer Software Group Limited

Consultcrm Limited

Consultgrp Limited

Cross Products Limited

Dury Lane (Jersey) Limited

Ensigma Technologies Limited

Exchequer365 Mobile Solutions Limited

Goldcrest Solutions Limited

Hellosoft Inc

Imagination Technologies (Shanghai) Co Ltd.  

Imagination Technologies AB

Imagination Technologies BV

Imagination Technologies GmbH

Imagination Technologies Group plc

Imagination Technologies Inc

Imagination Technologies KK

Imagination Technologies Limited

Imagination Technologies LLC

Imagination Technologies NZ Limited

Imagination Technologies Pty Limited

Intercede 2445 Limited

Konnekt It Solutions Limited

Metagence Technologies Limited

Mill Link 2 Limited

Mill Link 3 Limited

MIPS Technologies International Limited

Mips Tech Limited

Nflow Software Limited

Opsis Limited

Opsis Practice Management Solutions Ltd

Plain Healthcare Ltd

PowerVR Technologies Limited

Pure Digital Limited

Sondrel (Soc Solutions) Ltd

Transoft Group Limited

V1 Limited

Videologic Systems Limited

 

Mr Millward does not hold any ordinary shares of 0.1 pence in the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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