Last checked at 28 Nov 2023 07:00
RNS
AIM: FIPP
28 November 2023
Frontier IP Group plc
("Frontier IP" or the "Group")
Board Change
Frontier IP (AIM: FIPP), a specialist in commercialising intellectual property, announces that Jim Fish has notified the Board of his intention to step down as Chief Financial Officer ("CFO") of the Group after 10 years of service. Jim, age 66, will remain as CFO and as a director of the Group through his six month notice period which will end no later than 31 May 2024.
Jim will remain focused on running the Group's finance function and continue to support the Group during his six month notice period. Jim will also work to ensure the effective transition of his responsibilities to his successor with the intention that there will be an orderly handover period of three months.
Following the appointment of a new Group CFO and the completion of the necessary handover period, Jim will take up a new position within the Group as Portfolio Finance Director where he will continue to support the portfolio companies and will report into the Group CEO.
This change is in line with the Group's succession planning and the search for a new Group CFO has been initiated. A further announcement will be made in due course.
Neil Crabb, Group Chief Executive Officer of Frontier IP, said:
"Jim has played a central role in helping us build Frontier IP over the last decade, during which we have experienced significant evolution and growth. I am delighted that despite stepping back from his board role he will continue to work with our portfolio companies as they too grow."
Jim Fish, Group Chief Financial Officer of Frontier IP, said:
"It has been a privilege to have served as Frontier IP's CFO over the past 10 years and I am very proud of my contribution to the company's progress over that time. I look forward to my new role working with some of the exciting companies in Frontier's portfolio."
ENQUIRIES
Frontier IP Group Plc Neil Crabb, Chief Executive
Andrew Johnson, Communications & Investor Relations Company website: www.frontierip.co.uk
| T: 020 3968 7815 neil@frontierip.co.uk
M: 07464 546 025 andrew.johnson@frontierip.co.uk
|
Allenby Capital Limited (Nominated Adviser) Nick Athanas / George Payne
| T: 0203 328 5656 |
Singer Capital Markets (Broker) Harry Gooden / James Fischer | T: 0207 496 3000
|
ABOUT FRONTIER IP
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs.
The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.