16th May 2025 09:28
(Alliance News) - everplay group PLC on Friday reiterated expectations of improved full-year trading, and announced the resignation of its chief executive officer.
The Wakefield, England-based video game developer and publisher said Steve Bell is stepping down from the board and his CEO role, with immediate effect.
The company named Non-Executive Chair Frank Sagnier as interim executive chair, and said it will start the recruitment process to appoint its next CEO "in due course".
"Frank has nearly thirty years of gaming sector experience, having held public, private equity and senior roles with Codemasters, Electronic Arts, Acclaim Entertainment, and Funcom," everplay said. "Frank will ensure the continued execution of the group's strategic plan, supporting the existing executive team and divisional leaders, enabling the board to have adequate time to recruit the suitable candidate."
Sagnier commented: "On behalf of the board I would like to thank Steve for both his commitment and support over the past two years, in particular rebranding the business and supporting the reset of our strategic focus. The board and everplay team wish him every success in his future endeavours."
everplay has also promoted Penny Judd, previously a non-executive director, to senior independent director with immediate effect. It said this was to "maintain everplay's high standards of corporate governance and the board's oversight of ongoing strategy execution".
Also on Friday, everplay said it "is pleased to reiterate" that its trading performance remains in line with its upgraded expectations, "and continues to be well positioned for growth over the medium to long term".
This followed everplay confirming, in its 2024 results announcement on March 26, that it expected to report improved 2025 trading and that this would be "marginally ahead of then current market expectations".
"As interim executive chair," Sagnier commented, "I look forward to working with the broader leadership team as the business continues to execute on its strategic priorities: to accelerate growth alongside improving profitability, with an elevated focus on first-party IP, our evergreen franchises and improved returns."
Shares in everplay were trading 4.0% lower at 266.00 pence on Friday morning in London.
By Emma Curzon, Alliance News reporter
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