Blue Star Capital PLC - Sussex-based investment company focused on e-sports, payments and technology - Says that Chief Executive Officer Derek Law is stepping down from the board to focus on his other directorships. Tony Fabrizi, the company’s former chief executive officer, will rejoin the board as executive chair with immediate effect. Fabrizi was chief executive from July 2012 until his resignation in February 2021. After that, Fabrizi was ‘heavily involved’ in Fruitlab Media Ltd, a gaming business, Blue Star explains.

Fabrizi says: ‘I am delighted to be involved again with Blue Star. The current portfolio includes some exciting businesses and the next 12 months should see significant progress. The board is grateful for Derek’s contribution and support since his appointment in 2019 and wishes him well in the future.’

Law states: ‘It has been a pleasure to be involved with Blue Star and, in particular, with the development of its esports portfolio and the SatoshiPay investment. Tony’s detailed knowledge of the company and its assets means he is ideally placed to recognise, build and return value to shareholders and I am pleased to welcome Tony back to the board.’

Current stock price: 0.18

12-month change: up 27%

Copyright 2022 Alliance News Limited. All Rights Reserved.