Former Quixant CFO stands down from group altogether

Slot machines manufacturer Quixant's former chief financial officer Cresten Preddy stood down from the group altogether on New Years Eve.

Preddy, who served as Quixant's CFO from July 2012 until Guy Millward's appointment in October 2018, retired from the AIM-listed firm on 31 December when she retired from the role of senior advisor.

Chairman Michael Peagram, said: "The board and I would like to sincerely thank Cresten for her many years of service with the group.

"She was involved with the company from an early stage and has been an asset to the Board and finance team through its growth, latterly as an AIM listed business."

Back in March 2018, Quixant announced a slew of board changes as Jon Jayal, who served as chief operating officer since June 2016, was appointed as chief executive, while current chief executive and founding director Nick Jarmany moved to a vice chairman role with executive responsibility for technology leadership and innovation.

As of 1130 GMT, Quixant shares had slipped 0.44% to 358.40p.