Veteran VR studio nDreams announced today that it has appointed former Codemasters CEO Frank Sagnier as the non-executive chair of its board of directors. As CEO of Codemasters—best known for its popular DiRT racing franchise—Sagnier lead the company to a $1.2 billion acquisition by EA earlier this year.
Hot on the tail of a demo release for its latest game, Fracked, nDreams is making moves. Just last week the company announced that it’s opening a second studio, nDreams Orbital, which will expressly focus on live-service games for VR. The company also announced a publishing arm with a $2 million fund for VR games earlier this year.
Today the company has announced that former Codemasters CEO Frank Sagnier is joining its board of directors as the non-executive chair. A board of directors typically functions as a body for guiding long-term business decisions and representing shareholders. A board is often a requirement for public companies, though many private companies with investors, like nDreams, also institute boards. While nDreams hasn’t announced a new investment, the appointment of Sagnier to the board suggests he may have participated in a recent investment round.
Sagnier spent seven years as the CEO of Codemasters. Under his leadership the studio acquired Sony’s Evolution Studio and Slightly Mad Studios, growing Codemasters as a powerhouse of driving simulation game development talent. He also lead the studio through an initial public offering in 2018. EA acquired Codemasters earlier this year for $1.2 billion; Sagnier says his departure from the company was a planned part of the acquisition.
“I am delighted to join nDreams’ board to help the company achieve its mission to become a world leading developer and publisher of VR games,” said Sagnier in the announcement. “Over the past few years, [nDreams CEO] Patrick has built a reputable studio with high quality teams delivering high quality games. The fast-improving hardware together with highly immersive and innovative player experiences mean the VR market is bound to see significant growth and exciting times ahead.”