Gfinity PLC (LON:GFIN) said it has appointed Hugo Drayton, the former group managing director of the Telegraph Group, to its board as a non-executive director (NED) with immediate effect.
The esports media group also highlighted that Drayton currently serves as an independent NED for publishing group Future PLC (LON:FUTR), while he also spent ten years as chief executive of Inskin Media, a brand advertising group.
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As part of his appointment, Gfinity said it has entered an option arrangement with Drayton through which he will be granted an option over 4mln shares exercisable at 5p each.
"I am very excited about joining the ambitious and talented team at Gfinity. Esports and Gaming are now well-established, essential pillars in consumers' lives and in the media; and Gfinity is well-positioned to capitalise on the extraordinary growth in the sector. I look forward to harnessing my experience to this high-growth market, to contribute to Gfinity's future success," Drayton said in a statement.
Meanwhile, the company said Preeti Mardia, NED and chair of the audit committee, has informed the firm that she will step down from the board with immediate effect. Mardia will be succeeded as audit chair by Len Rinaldi, who was appointed to the company as an NED in December last year.
"The Board and I are delighted to welcome Hugo to Gfinity. He is a respected leader with a proven track record of helping media businesses grow. Hugo's wealth of experience and insight will prove invaluable to the company, particularly his expertise in the acceleration of digital media businesses as the Gfinity Digital Media group continues to grow at pace. I would also like to sincerely thank Preeti for her contributions to Gfinity over the last four years and wish her well in her next venture," said Gfinity chairman and founder Neville Upton.