Team17 Group PLC Board Update (9913J)
22 Agosto 2023 - 1:00AM
UK Regulatory
TIDMTM17
RNS Number : 9913J
Team17 Group PLC
22 August 2023
22 August 2023
Team17 Group plc
("Team17" or the "Company")
Board Update
Team17 , a global games label, creative partner, developer and
publisher of independent ("indie") premium video games, educational
entertainment apps for children and working simulation games,
announces that, having been with the Company since its successful
IPO in 2018, Chris Bell, Non-Executive Chair, has decided to step
down from his role at the end of the year to focus on his other
business interests.
The Company is pleased to announce that Frank Sagnier has been
appointed Non-Executive Chair designate and will formally join the
Company on 6 September 2023. Chris will continue in his role until
31 December 2023, working with Frank to facilitate an orderly
handover. Frank will officially assume the role of Chair from 1
January 2024 upon Chris' departure.
Frank brings over 25 years of gaming sector experience to the
Board, having held plc, private equity and senior roles with
Codemasters, Electronic Arts, Acclaim Entertainment, Double Fusion,
and Funcom. Frank began his career in advertising at Grey before
moving to marketing roles at Warner Bros. Entertainment and Acclaim
Entertainment. In 1999, he joined Electronic Arts ("EA"), where he
was responsible for marketing and third-party game development and
publishing across Europe.
In 2014, Frank was appointed CEO of Codemasters. During his
tenure he led the transformation and restructuring of the business,
building one of the most iconic racing games development studios
and publishers of the F1 racing brand, before leading the company's
successful IPO in 2018. Codemasters was later acquired by EA in
2021, in a deal worth $1.2bn.
Frank will Chair the Nomination Committee and be a member of the
Audit and Remuneration Committees.
Debbie Bestwick MBE, CEO of Team17, said:
"I would like to personally thank Chris for his exceptional
support and guidance to myself and the Board throughout his time as
Chair, during which he presided over a period of significant
financial and operational growth. We wish Chris all the very best
in the future.
"I extend a very warm welcome to Frank. Frank is one of the most
respected gaming executives globally in video games, his knowledge
is second to none, but equally his leadership and experience in the
gaming world will bring huge value to the Board as we prepare for
the next stage.
"I have known Frank for a number of years and have always been
impressed by his passion for gaming, creators and knowledge of our
sector. Frank also brings strong M&A experience that the group
will benefit from. Frank's appointment significantly strengthens
the Board's gaming pedigree."
Frank Sagnier, Chair of Team17, added:
"I have long admired how Debbie has built Team17 through her
drive, determination, deep understanding of all aspects of the
business and her unique ability to discover and nurture talent.
Debbie has created significant shareholder value over three
decades. In the last few years, she has built a strong leadership
team to scale the company behind the Team17's proven business
model. I am delighted Debbie will remain on the board. I am looking
forward to working with Steve, Mark, the exec team and the Board to
further build on Team17's exceptional foundations, to ensure the
Group continues to achieve its strategic ambitions; delivering
exceptional games for players and solid returns for
shareholders."
Save for the below, there is no further disclosure required with
regard to Schedule Two paragraph (g) of the AIM Rules for
Companies:
Frank Theodore Sagnier, aged 60, holds or has held in the past 5
years the following directorships and partnerships:
Current: Past five years:
nDreams Ltd Codemasters plc
-----------------------
Steel City Interactive Limited Focus Entertainment SA
-----------------------
Paula Sagnier Limited Dovetail Games Limited
-----------------------
Enquiries:
Team17 Group plc via Vigo Consulting
Debbie Bestwick MBE, Chief Executive Officer
Mark Crawford, Chief Financial Officer
Houlihan Lokey UK Limited (Nominated Adviser)
Adrian Reed / Tim Richardson +44 (0)161 250 3577
Berenberg (Joint Corporate Broker)
Ben Wright / Toby Flaux / Marie Moy / Alix
Mecklenburg-Solodkoff +44 (0)20 3207 7800
Peel Hunt (Joint Corporate Broker)
Neil Patel / Paul Gillam / Richard Chambers
/ James Smith +44 (0)20 7418 8900
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Fiona Hetherington / Kate
Kilgallen
team17@vigoconsulting.com +44 (0)20 7390 0233
About Team17
Team17 Group plc is a global provider of games entertainment to
a broad audience. The Group now includes a games entertainment
label and creative partner for indie developers, a leading
developer of educational apps, targeting children under the age of
eight and a leading working simulation games developer and
publisher.
Visit www.team17.com for more info.
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