– UK, Cambridge – Frontier Developments plc (AIM: FDEV), a leading developer of video games announces the following Board changes. It is pleased to announce the appointment of Charles Cotton as a Non-Executive Director from today. It also announces the resignation of Jonathan Miller as a Non-Executive Director of the Company in order for him to focus on other business activities. Jonathan will leave the Board from today’s date.
Charles has a successful worldwide track record in high-growth technology companies. He was a Supervisory Board member of Euronext Amsterdam listed Tele Atlas which was sold to TomTom for €2.8Bn in 2008; Executive Chairman of NASDAQ listed GlobespanVirata Inc.; and CEO of Virata Corp. which he took public on NASDAQ in 1999 and achieved a market capitalisation of $5Bn in 2000.
Charles is an active member of the Cambridge technology community, holding a range of technical and financial roles. He also founded and is currently Chairman of Cambridge Phenomenon International Ltd and has co-authored two books; The Cambridge Phenomenon 50 Years of Innovation and Enterprise and The Cambridge Phenomenon: Global Impact.
Jonathan Milner, said: “I feel enormously proud to have been a part of Frontiers evolution into a self publisher of the most exciting games in the industry. It has been a privilege to work with the team. Frontier is on a solid footing now for stellar growth and I wish Charles all the very best in his new role as my replacement.”
Commenting on the Board changes, David Gammon, Chairman Frontier Developments, said: “Charles joins Frontier at a very exciting time for the business. We are about to complete our transition to a self-publishing model with the forthcoming formal launch of Planet Coaster, our second major franchise. We see great opportunity to continue to expand Frontier, and have plans to further scale our organisation for the future. Charles’ prior experiences on the LSE and Nasdaq and his knowledge of successfully growing technology businesses are going to be very valuable. We are all looking forward to working with him and welcome him onto our Board.
“I would like to place on record my thanks to Jonathan. Jonathan joined our Board pre IPO and has been a wonderful guide and help to the Board as we transitioned from a private business-to-business company to a listed business-to-consumer company. I take this opportunity to thank him for his wise guidance and wish him all success in the future.”
About Frontier Developments plc
Frontier Developments plc, quoted on the AIM market of the London Stock Exchange (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.
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