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BGF portfolio company Snipple appoints Tom Toumazis as new chair

BGF News 11.03.2021.

BGF portfolio company, Snipple Group has announced the appointment of a non-executive Chair; technology and media industry veteran Tom Toumazis MBE. Tom’s appointment is the result of an introduction from BGF’s Talent Network, which is the UK’s largest pool of non-executive directors.

As Chair, Toumazis will provide Snipple with vital support to initiate further commercial growth and advise on all aspects of business and corporate strategy. He will significantly expand Snipple’s network and help manage relationships between directors and investors, as well as lead on corporate governance and duty.

The news follows January’s announcement that BGF invested £6 million in Snipple to help launch a new original content division and develop home-grown IP.

A former FTSE CEO with a diverse blue-chip corporate background, Toumazis has held C-suite roles in the film and entertainment world at ITV, The Walt Disney Company, Eurosport, Endemol Shine and Yahoo!

Tom McDonnell, investor at BGF, said: “We’re delighted to welcome Tom Toumazis to Snipple. His appointment is another huge step forward in Snipple’s ambition to become a globally recognised animation production business. We look forward to working with Tom and Snipple’s management team on the next stage of the business’ growth.”

Toumazis says: “I was immediately inspired by the quality of Snipple’s animation and impressed by Kaine (CEO) and the global business he and the entire team have built. It’s also evident that BGF are extremely committed to helping us grow, and that’s something that’s been very encouraging for the whole business.”

Snipple Group CEO, Kaine Patel, adds: “Tom has incredible experience and commercial acumen. He is the perfect person to help take us to the next level. Combined with BGF, we have a stellar leadership team in place!”