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6 November 2017
Mobile Streams plc
("Mobile Streams" or the "Company")
Mobile Streams PLC (AIM: MOS), announces that its non-executive Chairman, Roger Parry, plans to step down from the Board at the end of December 2017. He will be replaced as Chairman by Peter Tomlinson who is already a non-executive director. As announced on 25 October 2017, the Company has started the process of appointing a new non-executive director with experience of operating in India which is now the Company's fastest growing market.
Mr Parry has been a non-executive director of the Company for 12 years. He joined the Board as Chairman in October 2005 ahead of the listing of Mobile Streams on the AIM Market in February 2006.
Roger Parry comments: "My time with Mobile Streams has been an enjoyable and fascinating experience. Working with Simon Buckingham and his talented team has been an education. The Company, as it is today, is unrecognisable from the business we floated back in 2006. I wish the Mobile Streams team well for the next phase of growth in India. I am delighted to be handing over to Peter who knows both the mobile industry and Asia Pacific region so well."
Simon Buckingham comments: "I am most grateful to Roger for his advice and guidance over the past 12 years. We listed out Company more than 2 years before the launch of the original iPhone and 4 years before Android. Our industry, technology and economics have altered beyond recognition since 2006 and Roger has helped us with managing constant change."
Peter Tomlinson comments: "I am delighted to be taking over at this time. Our opportunity in India is very exciting and I look forward to working with Simon to realise the full potential of this huge market."
Peter Tomlinson has over 30 years' experience in the mobile phone arena, principally with Nokia where he was responsible for setting up the joint venture operations in China and managing the Asia Pacific Distribution process for Nokia Asia Pacific's management board. Peter has also held senior positions with Brightpoint, Motorola Asia Pacific and GN Netcom, part of the GN Great Nordic group of companies.
Peter has been a Director of Mobile Streams for 17 years, since investing in the Company in 2000. He has served on the Company's remuneration and audit committees during his time with the Company.
Simon Buckingham, Chief Executive Officer
Enrique Benasso, Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker)
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