Search Share Prices
Quixant CEO switches role in board overhaul
Gaming technology provider Quixant announced a slew of board changes on Thursday, including the appointment of a new chief financial officer.
Guy Millward, who has experience as a finance director for several public technology companies including Imagination Technologies Group, will join as chief finance officer on 1 October after Cresten Preddy indicated her intention to step down.
Michael Peagram, non-executive chairman of Quixant, said: "As the Group continues to grow a strong management team is essential. I am delighted we have attracted someone of the calibre of Guy Millward, who I believe will make an excellent partner for Jon in his new role. I am confident he will play a critical role over the next few years as the business continues to grow."
Jon Jayal, who has served as Quixant's chief operating officer since June 2016, has been appointed as chief executive, with current chief executive and founding director Nick Jarmany moving to a vice chairman role with executive responsibility for technology leadership and innovation.
An 18.4% interest of the group's issued share capital is currently held by Jarmany.
Jarmany said: "The Group is now a medium sized business with employees around the world and needs a strong management team with robust systems and controls. Relinquishing CEO responsibilities frees me to focus on technology and product innovation. Jon has already proved his ability to carry out CEO responsibilities and I have every confidence he will continue our track record of strong profitable growth."
Founded in 2005, Quixant designs and manufactures computing solutions and monitors for the global gaming industry, and has global offices in Taiwan, Italy and a subsidiary in Las Vegas.
As of 1553 GMT, Quixant's shares were unchanged at 400.00p.