REG - Frontier Developmnts - CEO TRANSITION

Frontier DevelopmentsAnnouncement

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RNS Number : 6587L  Frontier Developments PLC  16 December 2025

16 December 2025

CEO TRANSITION

Frontier Developments plc (AIM: FDEV, 'Frontier' or the 'Company'), a leading
developer and publisher of video games based in Cambridge, UK, announces that
CEO Jonny Watts has informed the Board that he plans to step down from the
Board for personal reasons, including spending more time with family.

Jonny, who has been with Frontier for 27 years and became CEO in August 2022,
led Frontier's turnaround plan, spearheading a strategic shift back to
Frontier's core strength in creative management simulation ('CMS') games,
restoring growth and profitability. Following the successful launch of
Jurassic World Evolution 3 in October 2025, Jonny believes now is the right
time to hand over the reins.

The Board is delighted to announce the appointment of Jo Cooke as CEO.
Currently Chief Marketing Officer, Jo has worked closely with the team to
deliver a great result with the launch of Jurassic World Evolution 3 and
brings deep industry experience from senior publishing roles, including Maxis,
Curve Digital, Bastion, and her previous tenure at Frontier from 2014 to 2017.
She rejoined the company in August 2025.

Jo is expected to formally join the Board as CEO, effective 1 January 2026,
subject to the completion of customary due diligence by the Company's
Nominated Adviser. Jonny will remain on the Board until 31 May 2026 to support
a smooth transition.

 

Notice of interim results

Frontier provides notice that it expects to publish its interim financial
results for the six months ended 30 November 2025 at 7am (GMT) on Wednesday 14
January 2026.

Frontier's portfolio of world-leading creative management simulation games,
including the recently released Jurassic World Evolution 3, continues to
perform well, ahead of seasonal price promotions this month. Frontier expects
to provide an update on December trading alongside the interim results in
January.

The management team will host a presentation for analysts and institutional
investors at 9.30am (GMT) on the day of the interim results. To register,
please contact frontier@teneo.com (mailto:frontier@teneo.com) .

 

Jonny Watts, current CEO, said:

"It's been a privilege to contribute to the amazing games Frontier has
developed throughout my 27 years. During my tenure as CEO, I am pleased that
we have turned the business around to focus back on our key strengths. The
time is now right for me to step down as CEO, and I am confident in passing
the baton to Jo.

I would like to thank everyone who has supported me over the years, including
the people at Frontier, our partners, and, of course, our players."

Jo Cooke, incoming CEO, said:

"The CMS-focused strategy that Jonny has established enticed me to rejoin
Frontier last summer as CMO, and I am thrilled to now be stepping up to CEO.
Jonny will be greatly missed, but I am confident that we will be successful in
continuing to deliver on this strategy, listening to our players and making
new games that will continue to entertain and engage for years to come."

Ilse Howling, Frontier's Chairman, said:

"It's been a great pleasure working with Jonny, and I am full of admiration
for him for achieving our strategic reset to CMS and putting players back at
the heart of what we do.

Jo's extensive games industry experience and player-centric outlook mean she
is excellently placed to drive the company's future growth, and to harness our
genre-leading games and global IP to delight millions of players around the
world."

David Braben, Frontier's President and Founder, said:

"I'd like to extend a massive thank you to Jonny for his amazing contribution
to Frontier over so many years. I am delighted to see Jo step up into her new
role, and I think she is perfect to take Frontier forward for the future. I am
very sad to see Jonny go, and wish him all the best for the future."

 

Enquiries:

 

 Frontier Developments                         +44 (0)1223 394 300

 Peel Hunt - Nomad and Joint Corporate Broker  +44 (0)20 7418 8900
 Neil Patel / Ben Cryer / Kate Bannatyne

 Panmure Liberum - Joint Corporate Broker      +44 (0)20 3100 2000
 Dru Danford / Shalin Bhamra

 Teneo                                         +44 (0)20 7353 4200
 Matt Low / Arthur Rogers

 

 

About Frontier Developments plc

Frontier is a leading independent developer and publisher of video games
founded in 1994 by David Braben, co-author of the iconic Elite game. Based in
Cambridge, Frontier uses its proprietary COBRA game development technology to
create innovative genre-leading games, primarily for personal computers and
videogame consoles.

Frontier's LEI number: 213800B9LGPWUAZ9GX18.

www.frontier.co.uk (http://www.frontier.co.uk)

 

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