Gfinity PLC Board Changes (3504O)
17 May 2018 - 4:01PM
UK Regulatory
TIDMGFIN
RNS Number : 3504O
Gfinity PLC
17 May 2018
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR). With
the publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
Gfinity plc
("Gfinity" or the "Company")
Board Changes - Appointment of Garry Cook as Executive
Chairman
Gfinity strengthens leadership team for next chapter of
growth
Gfinity plc (AIM: GFIN), one of the world's leading esports
companies, announces that experienced sports executive and current
Non-Executive Director Garry Cook is appointed Executive Chairman
of the Company with immediate effect.
Garry will bring his extensive experience of leading global
businesses in the sports, media and entertainment sectors to
spearhead the development and delivery of the next chapter of the
Company's global growth. Garry's expertise will position the
Company to capitalise on the strong position it has already created
in one of the world's fastest growing entertainment markets.
Prior to joining the Company, Garry held a number of
high-profile leadership roles including Chief Global Brand Officer
for the mixed martial arts organisation the Ultimate Fighting
Championship ('UFC') where worldwide consumer growth and engagement
was driven under Garry's leadership. UFC was sold in 2016 to a
consortium led by WME-IMG for a reported $4 billion. Prior to
joining UFC Garry was CEO for Manchester City Football Club
following a successful period as President of Nike Inc's 'Jordan
Brand'.
The Company also announces that Tony Collyer will step down from
the Board with immediate effect, having successfully overseen the
first phase of Gfinity's growth strategy. Tony served on the board
for four years, including a period of three and a half years as
Chairman.
Garry Cook, Executive Chairman, said:
" I would like to thank Tony for leading the Board in developing
Gfinity to its current leading position within the esports
industry.
"There are many aspects of traditional sports that apply to the
esports world. Some of the largest global sporting franchises are
now engaging in this space and taking interest and participation to
new levels.
"There are multiple opportunities for Gfinity in a rapidly
developing sector, one that is forecast to grow to $1.65bn globally
by 2021. The Company is well positioned for the next chapter of
growth, both in the UK and internationally and I am looking forward
to establishing Gfinity as one of the world's major sports media
brands."
Enquiries:
Gfinity plc www.gfinityplc.com
Garry Cook, Executive Chairman Via Walbrook PR
Allenby Capital Limited - AIM Nominated Tel: +44 20 3328 5656
Adviser and Joint Broker
Jeremy Porter / John Depasquale
Shore Capital - Joint Broker Tel: +44 (0) 20 7408
4090
Patrick Castle
Walbrook PR (Media & Investor Relations) Tel: +44 (0)20 7933 8780
Paul Cornelius / Sam Allen or gfinity@walbrookpr.com
About Gfinity
Gfinity has established itself as one of the world's leading
esports companies. The London-based business enjoys strong
relationships with game publishers, players and the wider esports
community and has built a solid reputation for delivering high
quality competitions, both on-line at www.gfinityesports.com and
off-line, in addition to producing industry leading esports
broadcasts.
The Gfinity Esports Arena in London is the home of UK esports
hosting and broadcasting regular tournaments, including the
Company's flagship "Elite Series", with competitions based upon the
full range of competitive games. Beyond its own tournaments Gfinity
is a recognised global esports solution provider for brands wanting
to create their own esports tournaments and has staged premium
esports events worldwide for leading publishers and brands
including Formula 1, Microsoft, Activision, EA, Xbox, Gillette and
HP.
About Garry Cook
Garry Cook has a track record of business success throughout his
career. He joined Nike in Oregon in 1996, rising to President and
General Manager of International Brand Jordan in 2005. During his
tenure at Nike he held a wide range of management positions from
overseeing the management of Nike Team Sports in the US to leading
the pan-European commercial strategy for Nike apparel EMEA.
After 12 successful years with Nike, Cook became Chief Executive
of Manchester City Football Club in 2008 and led the organization
during a period that saw tremendous change and achievements both on
and off the pitch. The club won both the FA Cup and Barclays
Premier League, its first league championship for 44 years, and
Cook was responsible for creating and executing a global strategy
focused on media and global market development resulting in
unprecedented growth.
Cook joined the Ultimate Fighting Championship (UFC) in
September 2012 as the Executive Vice President and Managing
Director for Europe, Middle East and Africa. In 2014 he became the
UFC Chief Global Brand Officer based in Las Vegas, Nevada. He was
responsible for all brand, communications and creative direction,
additionally leading international business development as the
company became the fastest growing company on the sports
landscape.
He returned to the UK in October 2016 following the sale of UFC
to WME/IMG for $4.0Bn, which was the largest single takeover
transaction in the history of the sport sector.
Since then Cook has been consulting on multiple sports industry
projects relating to strategy, brand management, acquisition,
commercial performance and organisational management.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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