Frontier Developments appoints new CFO

Frontier Developments, an AIM-listed video games developer in Cambridge, has appointed Alex Bevis as chief financial officer starting 1 April 2017.

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Bevis takes over the role from Neil Armstrong, who will move into an operational role within the company.

He joins the company from his current position as CFO at Xaar, an inkjet technology company also based in Cambridge. Prior to this, Bevis was vice president of finance at Cambridge fabless semiconductor CSR.

Chief Executive David Braben said: "We are delighted to announce Alex's appointment as Chief Financial Officer. His extensive experience in high growth technology companies means he will play an important role as we increase the value of the business by both furthering the success of our existing Elite Dangerous and Planet Coaster franchises, and launching new franchises in due course.”

The share price fell 0.9% to 197.20p at 0932 BST on Friday.