Forbidden Technologies PLC Stephen White-Chief Operating & Financial Officer (6844E)
October 22 2018 - 1:00AM
UK Regulatory
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RNS Number : 6844E
Forbidden Technologies PLC
22 October 2018
22 October 2018
Forbidden Technologies plc ("Forbidden" or the "Company")
Board changes
Stephen White hired from Comcast as Chief Operating and
Financial Officer; additional strategic hires made
Forbidden Technologies plc (AIM: FBT), the developer and seller
of Blackbird, the workstation experience in the cloud, announces
that it is creating a new board role of "Chief Operating and
Financial Officer". The Company has appointed, subject to usual due
diligence checks, Stephen White to this role. Stephen is currently
Vice President Finance, UK and EMEA Emerging Markets at Comcast's
NBC Universal's Networks Division and will start with the Company
after serving his notice period. It is currently anticipated that
Stephen will join the Board and commence his role in April
2019.
Stephen has 25 years' experience in senior finance roles with
media companies such as NBC Universal, BBC Worldwide (now known as
BBC Studios), The Walt Disney Company and Jetix after qualifying as
a Chartered Accountant with Ernst and Young. A further
announcement, which will include the required disclosures under the
AIM Rules for Companies for the appointment of a director to the
board, will be made in due course.
The Company also announces that Jonathan Lees, the Company's
current Finance Director, will step down from the board when
Stephen joins the Company, and will leave the Company to pursue
other opportunities after an appropriate handover period.
In addition to the creation of the Chief Operating and Financial
Officer role, the Company has recently made a number of important
appointments including Adrian Lambert as Marketing Director and
Oliver Parker as a Strategic Account Director. The Company has also
hired George Maddocks in its Pre-Sales team and appointed a senior
developer.
David Main, Chairman of Forbidden, said: "With our strategy in
place, and since a successful fundraising, we have been looking to
add to our capabilities to grow and deliver against our focus. The
creation of a combined Chief Operating and Financial Officer role
is part of this strategy. I look forward to welcoming Stephen White
on to the management team and the board. We have also recently
added new talent to our sales and marketing capabilities.
"The board would like to thank Jonathan for all his hard work
over the last 5 years. He has been very effective in his role as
Finance Director, including helping us in several successful
fundraisings. We all wish him well with his future endeavours."
Ian McDonough, CEO of Forbidden, added: "I am looking forward to
welcoming Stephen White on to our team. We have made some important
new hires to our sales and marketing team already as we build the
right capabilities to take Blackbird to the global market.
"Thank you to Jonathan for his contribution to managing and
guiding the business to its current position."
Enquiries:
Forbidden Technologies plc
Ian McDonough, CEO
Tel: +44 (0)20 8879 7245
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Naylor
John Depasquale
Nicholas Chambers
Tel: +44 (0)20 3328 5656
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk)
floated in February 2000.
Forbidden develops, markets and licenses a powerful cloud video
platform using our patented Blackbird technology. The technology
underpins multiple applications, which are used by rights holders,
broadcasters, sports and news video specialists, post-production
houses, other mass market digital video channels and
corporations.
The Blackbird technology allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for social media
distribution which results in improved monetisation of video
content.
Blackbird(R) is a registered trademark of Forbidden Technologies
plc.
Websites:
www.forbidden.co.uk
www.blackbird.video
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END
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