REG - Aferian PLC - Board Changes

AferianAnnouncement

03/08/2022 07:15

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RNS Number : 6852U  Aferian PLC  03 August 2022

3 August 2022

 

AFERIAN PLC

("Aferian" the "Company" or the "Group")

Board Changes

Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions company, today
announces the following changes to its Board of Directors.

Bruce Powell MBE has been appointed to the Board as a Non-Executive Director
and Chair of the Audit Committee. Powell has accumulated extensive board-level
experience over more than 30 years. He is currently Chairman of packaging
companies Threadless Closures Ltd, and Crateight Ltd, and of Holyport College.
His previous roles include 18 years on the board of Kofax plc and serving as
CFO for Imagination Technologies plc.

Steve Oetegenn has been appointed as an Executive Director of the Group as
President of the Americas. Oetegenn has been supporting the Aferian executive
management team in a consultancy capacity since joining the Board in January
2021. He will now take on a leadership role to support the growth of Aferian
in this key region. As a result, Oetegenn has stepped down from his role as
Non-Executive Director.

As previously announced, Erika Schraner stepped down from her Board position
effective 29 July 2022. Following these changes, the Board will comprise three
Non-Executive Directors and three Executive Directors.

The Group remains focussed on improving the diversity of its Board and
carefully considers a broad range of candidates ahead of any appointment.

Mark Wells, Non-Executive Chairman of Aferian said: "On behalf of the Board
and the entire Aferian team, I am pleased to welcome Bruce Powell to our Board
and Steve Oetegenn to our executive management team. Bruce's significant
corporate expertise in both non-executive and executive roles will bring a
wealth of governance and leadership experience to our Board. Steve knows our
business and strategy inside out and will now be leading our efforts in the
Americas, a key growth region for Aferian. These appointments strengthen the
capabilities of our Board as we continue to progress towards our 2025
strategy."

 

Additional information

The following information is being disclosed pursuant to Rule 17 and paragraph
(g) of Schedule 2 of the AIM Rules for Companies.

Bruce Lewis Hamilton Powell, aged 73, has been a director or partner of the
following companies or partnerships during the five years preceding the date
of this announcement:

 Current directorships:       Past directorships (last five years)
 Threadless Closures Limited  HAHC Trading Limited

Holyport College
HAHC Education Limited

Crateight Limited
Haberdashers' Aske's Federation Trust

Save as set out above there are no further disclosures required pursuant to
Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

 

For further information please contact:

 Aferian plc                                                         +44 (0)1954 234100
 Mark Wells, Chairman

 Donald McGarva, Chief Executive Officer

 Mark Carlisle, Chief Financial Officer

 Investec plc                                                        +44 (0)20 7597 5970
 David Anderson / Patrick Robb / Nick Prowting / Cameron MacRitchie

 FTI Consulting (Financial communications)                           +44 (0)20 3727 1000
 Matt Dixon / Tom Blundell

 

About Aferian plc

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our
end-to-end solutions bring live and on-demand video to every kind of screen.
We create the forward-thinking solutions that our customers need to drive
subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those
that are most consumer-centric, data driven and flexible to change. We focus
on innovating technologies that enable our customers stay ahead of evolving
viewer demand by providing smarter, more cost-effective ways of delivering
end-to-end modern TV and video experiences to consumers. By anticipating
technological and behavioural audience trends, our software solutions empower
our customers to heighten viewer enjoyment, drive growth in audience share and
ultimately their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming
video experiences, and Amino, which connects Pay TV to streaming services. Our
two complementary companies combine their products and services to create
solutions which ensure that people can consume TV and video how and when they
want it. Our solutions deliver modern TV and video experiences every day to
millions of viewers globally, via our growing global customer base of over 500
service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM:
symbol AFRN). Headquartered in Cambridge, UK, the Company has over 350 staff
located in offices in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid,
Porto, Brno, Bath, Buenos Aires, and Hong Kong. For more information, please
visit www.aferian.com (http://www.aferian.com)

 

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