NetPlay TV (LON:NPT) said this morning that chief operating officer Guy Templer is quitting the business at the end of March to “pursue another career opportunity”.
Templer has helped nurse the gaming and interactive television company through a very challenging period, which culminated in November’s £2.5 million share placing.
The cash will be used to shore up the balance shore up the balance sheet and fund a return to “sustainable profitability”.
"Guy has played a large part in the restructuring we have implemented over the past few months,” said chief executive Charles Butler.
“He has helped to build a very strong management team, which is now running the core of the business.
“We have come through a difficult period and Guy is leaving with the business on a strong footing when the results of our recent hard efforts are beginning to be reflected in the company's performance, we wish to thank him for his contribution."