13 February 2024
Fadel Partners, Inc.
('FADEL', the 'Company' or, together with its subsidiaries, the 'Group')
Directorate Change
Fadel Partners, Inc., the developer of cloud-based brand compliance and rights and royalty management software, announces the appointment of Ian Flaherty (CPA) as Chief Financial Officer with effect from 14th February 2024. Ian is a Certified Public Accountant in the United States and joins the Company from LogicManager, Inc., a SaaS-based Enterprise Risk Management business. Previously, Ian held various financial management positions in public listed companies (New York Stock Exchange and Toronto Stock Exchange) within the technology and direct-to- consumer sectors. Ian also worked in professional practice at Ernst and Young, LLP. Ian's appointment to the Board remains subject to satisfying AIM regulatory and due diligence checks and a further announcement will be made in this regard in due course.
Vicary Gibbs has stepped down from his role as Chief Financial Officer (CFO) and has resigned from the Board and all group Directorship roles with immediate effect, in order to pursue other opportunities. Vicary has been CFO of the Company since 2022 and the Board wish to record their appreciation for his significant contribution to the Company over this time, in particular in relation to the successful IPO of the Company.
As stated in the Company's trading update on 31 January 2024, revenue for the year ended 31 December 2023 was in-line with market expectations and the Board remains confident about the Company's prospects.
For further information please contact:
| Tarek Fadel, Chief Executive Officer
| Via Alma |
| | |
| Cavendish Capital Markets Limited (Nomad & Broker) | 020 7220 0500 |
| Jonny-Franklin Adams, Emily Watts, Abigail Kelly (Corporate Finance) | |
| Tim Redfern, Sunila De Silva (ECM) | |
| | |
| Alma Strategic Communications | Tel: +44(0)20 3405 0205 |
| Josh Royston | fadel@almastrategic.com |
| Andy Bryant | |
| Sam Modlin | |
This announcement contains inside information for the purposes of the retained UK version of the EU Market Abuse Regulation (EU) 596/2014 ("UK MAR").
About Fadel Partners Inc.
FADEL is a developer of cloud based brand compliance and rights and royalty management software, working with some of the world's leading licensors and licensees across media, entertainment, publishing, consumer brands and hi-tech/gaming companies. The Group combines the power of rights management and content compliance with sophisticated content services, AI-powered visual search and image and video recognition.
FADEL has two solutions, being IPM Suite (rights and royalty management for publishers and licensing) and Brand Vision (an integrated platform for Brand Compliance & Monitoring that includes Content Services, Digital Rights Management, AI-Powered Content Tracking, a Brand Monitor, and 100 million Ready-to-License Images).
The Group's main country of operation is the United States, where it is headquartered in New York, with further operations in the UK, France, Lebanon and India.
For more information please visit the Group's website at: www.fadel.com.
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