Shares in AIM-listed PC game developer and publisher Frontier Developments (FDEV) surged almost 10% on the news it had appointed a new chief executive.
Jo Cooke, who joined the board as of 1 January, is currently a director or partner in Hillside Clubhouse and Hillside Trading and was previously a director of industry body UK Interactive Entertainment.
| Price: 484p +9.4% | P/E: 11.6x |
| Market Cap: £170m | Yield: n/a |
Not so much a new arrival as a returnee as Cooke was director or marketing at FDEV from 2014 to 2017 before moving to global media group Omnicom.
Cooke is also full-time head of marketing at UK indie games publisher Curve, which has a portfolio of over 50 titles, so she knows what sells.
The company had a decent 2026 with the shares more than doubling to 443p and that upward momentum seems to be continuing with the shares up another 4% on today’s new CEO announcement.
Read the press release here: https://www.frontier.co.uk/company
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