Frontier Smart Technologies Grp Ltd Formal Chairman Appointment (5273A)

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RNS Number : 5273A

Frontier Smart Technologies Grp Ltd

30 May 2019

 
 For immediate release        30 May 2019

Frontier Smart Technologies Group Ltd

('Frontier' or the 'Group')

Formal Chairman Appointment

Frontier (AIM: FST), a pioneer in technologies for Digital Radio and Smart IoT devices, announces that existing Senior Independent Non-Executive Director, Sir Hossein Yassaie, has transitioned to and been formally appointed as Chairman of the Group's Board.

Sir Hossein Yassaie is a recognised figure on the world technology stage with directorships and strategic advisory roles in several innovative technology companies. As CEO of Imagination Technologies Group plc until 2016, Sir Hossein has a long association with Frontier, having been a co-founder and a Director of the Group when Imagination Technologies was a shareholder in the business. After an absence of several years, he re-joined the Board in March 2018 as an independent Non-Executive Director.

In the 14 months since his return to the Board Sir Hossein has increasingly been performing the role of acting Chairman and his technology expertise, market knowledge and industry relationships, coupled with his extensive PLC experience and stewardship, have provided significant benefit to the Group.

Anthony Sethill, CEO of Frontier Smart Technologies, said:

"I am very pleased that Sir Hossein has accepted the Board's invitation to formally take on the role of Chairman. Since his return to the Board last year, it has been evident that his understanding of our business, our markets and the broader shifts in technology as well as his extensive PLC experience mean that he is uniquely qualified to take on this responsibility. I look forward to working closely with him as we navigate the path forward for the Company."

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For Further Enquiries:

 
Frontier Smart Technologies Group Limited               +44 (0) 20 7391 0630 
Anthony Sethill, Chief Executive Officer 
Jonathan Apps, Chief Financial Officer 
Patrick Hannon, Vice President, Corporate Development 
 
N+1 Singer (Nominated Adviser and Broker)               +44 (0) 20 7496 3000 
Lauren Kettle / Ben Farrow

About Frontier Smart Technologies Group Limited

Frontier Smart Technologies is a pioneer in technologies for Digital Radio and Smart IoT devices. The Group's customers include many leading consumer audio brands: Bose, Denon, harman/kardon, JBL, Onkyo, Panasonic, Sony, Yamaha, Altec Lansing, Blaupunkt, Grundig, Hama, Klipsch, Marshall, Pioneer, Pure, Roberts, TechniSat, Teufel and many more. Established in 2001, the Group is headquartered in London, with engineering, sales and operations teams in Cambridge, Timisoara (Romania), Hong Kong and Shenzhen. For more information, see frontiersmart.com.

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