Board Changes

3 August 2022

AFERIAN PLC

("Aferian" the "Company" or the "Group")

Board Changes

Aferian plc (LSE AIM: AFRN), the B2B video streaming solutions company, today announces the following changes to its Board of Directors.

Bruce Powell MBE has been appointed to the Board as a Non-Executive Director and Chair of the Audit Committee. Powell has accumulated extensive board-level experience over more than 30 years. He is currently Chairman of packaging companies Threadless Closures Ltd, and Crateight Ltd, and of Holyport College. His previous roles include 18 years on the board of Kofax plc and serving as CFO for Imagination Technologies plc.  

Steve Oetegenn has been appointed as an Executive Director of the Group as President of the Americas. Oetegenn has been supporting the Aferian executive management team in a consultancy capacity since joining the Board in January 2021. He will now take on a leadership role to support the growth of Aferian in this key region. As a result, Oetegenn has stepped down from his role as Non-Executive Director.

As previously announced, Erika Schraner stepped down from her Board position effective 29 July 2022. Following these changes, the Board will comprise three Non-Executive Directors and three Executive Directors.

The Group remains focussed on improving the diversity of its Board and carefully considers a broad range of candidates ahead of any appointment. 

Mark Wells, Non-Executive Chairman of Aferian said: "On behalf of the Board and the entire Aferian team, I am pleased to welcome Bruce Powell to our Board and Steve Oetegenn to our executive management team. Bruce's significant corporate expertise in both non-executive and executive roles will bring a wealth of governance and leadership experience to our Board. Steve knows our business and strategy inside out and will now be leading our efforts in the Americas, a key growth region for Aferian. These appointments strengthen the capabilities of our Board as we continue to progress towards our 2025 strategy."

Additional information 

The following information is being disclosed pursuant to Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Bruce Lewis Hamilton Powell, aged 73, has been a director or partner of the following companies or partnerships during the five years preceding the date of this announcement:

Save as set out above there are no further disclosures required pursuant to Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

For further information please contact:

About Aferian plc 

Aferian plc (AIM: AFRN) is a B2B video streaming solutions company. Our end-to-end solutions bring live and on-demand video to every kind of screen. We create the forward-thinking solutions that our customers need to drive subscriber engagement, audience satisfaction, and revenue growth.

It is our belief that successful media companies and services will be those that are most consumer-centric, data driven and flexible to change. We focus on innovating technologies that enable our customers stay ahead of evolving viewer demand by providing smarter, more cost-effective ways of delivering end-to-end modern TV and video experiences to consumers. By anticipating technological and behavioural audience trends, our software solutions empower our customers to heighten viewer enjoyment, drive growth in audience share and ultimately their profitability.

Aferian plc has two operating companies: 24i, which focusses on streaming video experiences, and Amino, which connects Pay TV to streaming services. Our two complementary companies combine their products and services to create solutions which ensure that people can consume TV and video how and when they want it. Our solutions deliver modern TV and video experiences every day to millions of viewers globally, via our growing global customer base of over 500 service providers.

Aferian plc is traded on the London Stock Exchange's AIM stock market (AIM: symbol AFRN). Headquartered in Cambridge, UK, the Company has over 350 staff located in offices in San Francisco, Amsterdam, Helsinki, Copenhagen, Madrid, Porto, Brno, Bath, Buenos Aires, and Hong Kong. For more information, please visit www.aferian.com