Iplayco (CVE:IPC), a global leader in the manufacturer of children's indoor play equipment, said Franco Aquila has resigned as a director.
Aquila's place on the board will be taken by Zaher Fattouh, who will also serve on the company's compensation committee.
"As an executive with FAS Capital, the financial and investment division of Fawaz Alhokair Group, Mr. Fattouh brings considerable experience to Iplayco's board," Iplaco told investors.
FAS owns, on a fully diluted basis, some 53% of Iplayco’s common shares outstanding.
"On behalf of the board of directors of Iplayco, I would like to congratulate Mr Fattouh on his appointment as director of Iplayco, and thank Mr Aquila for his contributions to the board" said Muhanad Awad, director and chairman of the board of Iplayco.