First Derivatives PLC Directorate Change (8799S)

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RNS Number : 8799S

First Derivatives PLC

14 July 2020

14 July 2020

First Derivatives plc

("FD" or the "Group")

Directorate Change

FD (AIM: FDP.L, Euronext Growth: FDP.I) announces the appointment of Thomas Seifert as a Non-Executive Director of the Group with effect from 13 July 2020.

Thomas is Chief Financial Officer of Cloudflare Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, where he is also responsible for the company's business data analytics and data science. He brings a wealth of expertise across the cloud, SaaS and data analytics, which is highly relevant to FD's growth ambitions. In addition, Thomas has extensive operating experience growing and scaling technology companies across cybersecurity, software and semiconductors.

Prior to his current role Thomas was Chief Financial Officer of Symantec Corp, a leading cybersecurity company, where he was responsible for the implementation of transformation and M&A strategies. He was also CFO at Advanced Micro Devices, where he held an interim CEO position. He holds a bachelor's degree in economics and business administration, an MBA from Friedrich Alexander University, Erlangen, Germany and an MA in Economics from Wayne State University, Detroit, USA.

This appointment to the Board is the latest senior hire by FD to deliver continued business growth. Thomas's broad sector experience will help support efforts to accelerate the adoption of the Group's Kx streaming analytics technology platform in sectors adjacent to and outside of its capital markets heritage.

Commenting on his appointment, Thomas Seifert said: "FD is an exciting company with market-leading products that have the potential to deliver rapid growth. As a Non-Executive Director, I look forward to contributing to the Group's growth strategy and helping it to achieve its full potential."

Donna Troy, Chairman of FD, commented: "We continue to expand the Board with outstanding industry leaders to support our vision and high growth potential. Thomas's strategic and global growth management expertise, developed within sectors that are highly relevant to FD, will enable him to make a significant contribution to the Group's development. I am delighted to welcome him to the Board."

Thomas Josef Seifert (56) currently holds or has held the following directorships or partnerships in the past five years:

   Current directorships                                                     Previous directorships 
   IPG Photonics Corporation                                          CompuGroup Medical SE 

The Board confirms that no further disclosures are required pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies in respect of the appointment of Thomas Seifert to the Board of FD.

Enquiries

For further information please contact:

 
First Derivatives plc                       [phone] 
 Seamus Keating, Chief Executive Officer     www.firstderivatives.com 
 Graham Ferguson, Chief Financial Officer 
 Ian Mitchell, Head of Investor Relations 
 
Investec Bank plc (Nominated Adviser 
 and Broker) 
 Andrew Pinder 
 Carlton Nelson 
 Sebastian Lawrence                         [phone] 
 
Goodbody (Euronext Growth Adviser and 
 Broker) 
 David Kearney 
 Don Harrington 
 Finbarr Griffin                            [phone] 
 
FTI Consulting 
 Matt Dixon 
 Dwight Burden 
 Darius Alexander                           [phone] 
 

About FD

FD is a global technology provider with more than 20 years of experience working with some of the world's largest finance, technology, automotive, manufacturing and energy institutions. The Group's Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 15 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,400 people worldwide.

For further information, please visit www.firstderivatives.com and www.kx.com

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July 14, 2020 02:00 ET (06:00 GMT)