REG - Frontier IP Group - Board Change

Frontier IPAnnouncement

28/11/2023 07:00

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RNS Number : 8221U  Frontier IP Group plc  28 November 2023

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                                                  T: 020 3968 7815 neil@frontierip.co.uk (mailto:neil@frontierip.co.uk)

 Neil Crabb, Chief Executive

                                                                        M: 07464 546 025

 Andrew Johnson, Communications & Investor Relations                    andrew.johnson@frontierip.co.uk (mailto:andrew.johnson@frontierip.co.uk)

 Company website: www.frontierip.co.uk (http://www.frontierip.co.uk/)

 Allenby Capital Limited (Nominated Adviser)                            T: 0203 328 5656

 Nick Athanas / George Payne

 Singer Capital Markets (Broker)                                        T: 0207 496 3000

 Harry Gooden / James Fischer

 

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.

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