Appointment of a Chief Financial Officer

RNS Number : 1098N

Frontier Developments PLC

21 October 2016

 

Frontier Developments plc

Appointment of a Chief Financial Officer

Frontier Developments plc (FTSE AIM: FDEV, "Frontier", the "Group"), a leading developer of video games based in Cambridge, UK, is pleased to announce the appointment of Alex Bevis as Chief Financial Officer with effect from 1 April 2017.

Alex, 41, will be based in Cambridge and will take over the CFO and Company Secretary roles from Neil Armstrong, who will take an operational role within the Group.

Alex joins Frontier from Xaar plc (FTSE: XAR), a world leader in industrial inkjet technology, where he has been Chief Financial Officer since February 2011.  Prior to this, Alex rose to VP Finance of Cambridge fabless semiconductor company CSR plc during a 10 year period during which CSR listed on the main market, and grew significantly both organically and through acquisition.  

David Braben, Chief Executive Officer of Frontier, commented:

"We are delighted to announce Alex's appointment as Chief Financial Officer.  It reflects another step in the development and investment in Frontier as we look to take the business through its next stage of growth. 

His extensive experience in high growth technology companies means he will play an important role as we increase the value of the business by both furthering the success of our existing Elite Dangerous and Planet Coaster franchises, and launching new franchises in due course.

On behalf of the Board, I would like to thank Neil for his positive contribution to the Group during its IPO and transition to a self-publishing business-to-consumer organisation."

For the purposes of Schedule Two paragraph (g) of the AIM Rules, Alex Peter Bevis (41) is or has been a director of the following companies:

Current Directorships:

Xaar PLC

Xaarjet Limited

Xaarjet (Overseas) Limited

Xaar Technology Limited

Xaar Trustee Limited

Xaar Digital Limited

Cambridge Ahead

Xaar Group Ab

Xaar Jet Ab

Xaar Americas Inc

Engineered Printing Solutions

Previous directorships (past 5 years):

None

There are no further disclosures required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment of Alex Bevis to the Board of the Company.

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO
Numis - Nomad and Joint Broker	[phone]
Simon Willis / Jamie Lillywhite (Nomad) / Toby Adcock
Finncap	[phone]
Matt Goode/Giles Rolls
Tulchan Communications	[phone]
James Macey White/Matt Low

About Frontier Developments plc 

Frontier Developments plc, listed on the AIM stock market (AIM: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.

www.frontier.co.uk                        

 

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