Fonix Mobile PLC – FNX – Directorate Change

Fonix Mobile PLC – FNX – Directorate Change

Fonix, the UK focused mobile payments and messaging company, is pleased to announce the appointment of Michael Foulkes as CFO.

Michael is a chartered accountant with over 13 years working in senior finance roles for some of Europe's most successful technology businesses, including Mobile Interactive Group ("MIG"), previously one of Europe's largest mobile payments business. MIG was subsequently acquired by Velti, a Nasdaq listed mobile marketing business, where Michael continued in senior finance roles. Since, his most recent CFO role was over 4 years at the venture backed Black Swan Data.

Michael will succeed Rupert Horner as a full time Chief Financial Officer of the Company on 29 March 2021. Mr Horner was appointed to the Board to assist with the Company's admission to AIM in October 2020. Whilst Mr Horner steps down from the Board, he remains a very supportive shareholder in the Company.

Rob Weisz, CEO, commented: "Michael comes with a wealth of experience in the mobile payments and technology sector having had previous senior finance roles at Mobile Interactive Group, Velti and Black Swan Data. We would like to thank Rupert for his contribution as CFO and in particular for his assistance during the Company's successful admission onto AIM."

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