Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of the market leading cloud video platform, Forscene, and video social network, ‘eva’, announces that its Chairman, Vic Steel, is retiring after 16 years of service. Stephen Streater, founder of Forbidden Technologies and a plc director for 25 years, will assume the role of Chairman of the Company and spend more time on the continued development of the Company’s technology and video platform.
Aziz Musa, Marketing and Consumer Products Director, will become Chief Executive Officer. Aziz has held marketing roles for over 12 years in a number of businesses including Lastminute.com, Reed Elsevier plc and Photobox Ltd. Since joining Forbidden, he has led the design and launch of eva, the video social network and conceived Captevate, the online video editor.
Stephen Streater commented:
“Vic has been a loyal colleague, mentor and friend for many years having joined the Company prior to its IPO. He has been instrumental in establishing and developing the business and as such, his support and commitment has been invaluable to the Company. We all wish him well in his retirement.
“Looking forward, we are focused on building a commercially driven leadership team which will capitalise on our award winning technology. As such, we are very pleased to welcome Aziz into the role of CEO. With the progress he has already made, we are confident that he will bring a fresh perspective through his extensive experience in the wider industry to ultimately drive the business forward through its next stage of development.”
Aziz Musa said of his appointment:
“Our challenge is simple. We have a powerful technology which we will harness through our focus on commerciality to drive top line growth. The centrepiece of our commercial plans is Forscene, and with our recently appointed Business Development Director Jason Cowan in place, we are committed to growing the top line as quickly as possible.”
To further bolster the leadership team and drive growth, Forbidden is recruiting new Non-Executive Directors. Further details of these appointments will be announced when agreed.
Forbidden Technologies plc
Stephen Streater, CEO
Tel: +44 (0)20 8879 7245
Cenkos Securities plc (Nominated Adviser and Broker)
Bobbie Hilliam, Corporate Finance
Tel: +44 (0)20 7397 8900
Redleaf Communications (Financial PR)
Tel: +44 (0)20 7382 4730
About Forbidden Technologies plc
Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.
The Company develops and markets the powerful cloud video platform, Forscene, which is used by broadcasters, in professional web video, in education and by consumers. Forscene is one of the world’s most advanced browser-based and mobile platforms.