Frontier IP Group Plc, a specialist in commercializing intellectual property, has announced that Andrew Richmond, the current Non-Executive Chairman, will be stepping down from the board after serving for more than 11 years. Richmond will remain on the board until the next annual general meeting (AGM) in December 2023, where he will not seek re-election as a director. Dame Julia King, Baroness Brown of Cambridge, who joined the board in October 2021 and is currently the Senior Independent Director, will assume the role of Chair after the forthcoming AGM.
Richmond expressed his gratitude for serving on the board and witnessing the company's growth during his tenure. He also praised Dame Julia King for her valuable contributions to the board, stating that she has brought extensive experience and knowledge to the benefit of Frontier IP. Neil Crabb, the CEO of Frontier IP, thanked Richmond for his service and support and expressed his anticipation for working with Dame Julia King as the new Chair.
Frontier IP Group specializes in identifying strong intellectual property and accelerating its development through commercialization services. The company emphasizes involving industry partners early in the development process to ensure that technology meets real-world demands and needs.