Bidstack names David Reeves as chairman designate

Advertising agency Bidstack named David Reeves as chairman designate on Friday, with the former Sony Computer Entertainment executive set to take over the role from the outgoing Donald Stewart on 1 September.

Bidstack stated Reeves, who has over 30 years experience in senior management roles within multinational companies across the video games industry, will sit on its board as a non-executive director, effective immediately.

The AIM-listed group added that upon Reeve's becoming chairman, Stewart will move to a non-executive director role and serve on its audit and remuneration committees.

Reeves said: "It is an honour to be joining Bidstack as Chairman and be given the opportunity to take the company to the next revenue and profit level in the coming years.

"The video games and entertainment industry is expanding continuously and Bidstack is well placed with an active pipeline, state-of-the-art technology, and numerous planned partnership initiatives to grow rapidly and profitably."

As of 0830 BST, Bidstack shares were up 0.44% at 2.26p.

Reporting by Iain Gilbert at Sharecast.com