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16 Jan 2009 07:00
RNS Number : 7503L
First Derivatives PLC
16 January 2009
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First Derivatives plc
(AIM:FDP.L, IEX:GYQ.I)
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Appointment of Director
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The Board of First Derivatives plc ("First Derivatives" or the "Company") is pleased to announce the appointment to the Board of Kevin Cunningham as Director from 15 January 2009.
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Kevin, who is based in USA, is the co-founder and CEO of Market Resource Partners (“MRP”) which was acquired by First Derivatives on 15 September 2008. As CEO, Kevin co-created MRP's sales and operational structure that helped drive growth from two to 95 employees and grew revenues by 300% in less than five years with no outside capital investment. As CEO he is responsible for providing overall strategic direction and leadership for MRP. Prior to MRP, he held various sales and consulting positions with PricewaterhouseCoopers and several software companies. Kevin also sits on the Board of Directors of Settlement Music School, the largest non-profit community based school of the arts in the United States. He holds a B.S. in Accounting from the University of Delaware.
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Commenting on the appointment, Brian Conlon, Managing Director said "Kevin is a significant addition to the team and will play an important role in helping the executive team execute our strategic plan. His location, experience in marketing along with his background in finance will be important in assisting the Company meet its growth targets especially in the USA.
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Kevin Cunningham, aged 36, is currently a director of Market Resource Partners Limited.
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There are no other details required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.
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16 January 2009
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Contact:
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First Derivatives plc Brian Conlon |
Tel:Â +44Â (0)28Â 3025Â 2242 |
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Charles Stanley Securities Nominated Adviser Russell Cook/Carl Holmes |
Tel:Â +44Â (0)20Â 7149Â 6000 |
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Goodbody Corporate Finance IEX Adviser Diane Hodgson/Linda Hickey |
Tel:Â +353Â 1Â 6670420 |
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Stakeholder Communications Carl Whyte Lisa Nugent |
Tel:Â +44Â (0)28Â 9033Â 9949Tel:Â +44Â (0)Â 20Â 7903Â 5148 |
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This information is provided by RNS
The company news service from the London Stock Exchange
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