Focus Entertainment - Governance Update
17 Mai 2023 - 7:00PM
Business Wire
Regulatory News:
In agreement with the Board of Directors, Mr Sean Brennan
tendered his resignation as Chief Executive Officer of Focus
Entertainment [ALFOC - FR0012419307] on 16 May with immediate
effect. As part of this change in governance and in order to
pursue the development of the Company's strategy, the Board of
Directors, meeting on 16 May, announced that it had taken the
decision to combine the functions of Chairman of the Board and
Chief Executive Officer and to appoint Fabrice Larue as Chairman
and Chief Executive Officer of Focus Entertainment.
Mr Sean Brennan said: "I have been pleased to support Focus in
its development and in the pursuit of its strategy to move up the
value chain. I would like to thank the Board for the confidence
they have placed in me and I am confident that the Focus teams will
successfully continue the transformation of this growing
group”.
The Board of Directors sincerely thanks Mr Sean Brennan for his
expertise and contribution.
As Chairman of Focus Entertainment and on behalf of the Board of
Directors, Mr Fabrice Larue confirms the desire to pursue the
strategy initiated in recent years and to support the Focus
Entertainment group teams, who have the full confidence of the
Board.
The other members of the group's senior management team remain
in place and are focused on delivering its ambitious line up. Focus
reaffirms its confidence in the execution of the 2023/24
roadmap.
Furthermore, after announcing a historical high turnover of €194
million on 31 March 2023, the Group confirms that it expects a
strong growth in operational margins for the 2022/23 financial
year.
The Group will publish its annual results for 2022/23 on 15 June
2023, after the close of trading.
* * *
Focus Entertainment’s financial publications
Publication
Date
2022/23 – FY Results
June 15, 2023
2023/24 – Q1 Revenues
July 20, 2023
Annual General Shareholders
Meeting
September 12, 2023
About Focus Entertainment FOCUS ENTERTAINMENT is one of
Europe’s leading video game publishers and developers. Its vocation
is to support leading French and international studios in the
development, production monitoring, marketing, sales and financing
of their projects. As a publisher of strong brands such as The
Surge, Vampyr, Evil West, A Plague Tale and Atomic Heart, the Group
generated revenues of €194.1 million in 2022/23. FOCUS
ENTERTAINMENT generates 95% of its sales internationally. For
additional information, visit www.focusent.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230517005701/en/
Investors relations Laure d’Hauteville Ph : + 33 (0) 1 55
26 85 00 E-mail : IR@focusent.com
Press relations Clémence Bigeon Ph : + 33 (0) 1 55 26 85
00 Mail : Clemence.BIGEON@focusent.com
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