UK games developer Team17 has appointed a new chief financial officer after Paul Bray announced he will step down and retire to spend more time with his family.

Bray, who joined the company in 2010, has presided over a "significant period of financial progress" for the group culminating in its successful listing on the AIM market of the London Stock Exchange in May 2018.

Team17 has appointed Jo Jones as CFO and a director of the company with immediate effect.

Jones has spent the last 10 years at Experian plc, working across a number of senior finance roles. 

Her most recent role at Experian was finance director of service, solutions, technology and transformation where she worked closely with the company's chief information officer and chief transformation officer.

Jones has also held a number of finance roles with The Sytner Group Ltd, including Divisional Financial Controller for Daimler Chrysler and Lexus. She qualified as a chartered accountant at KPMG.

"Having supported me through the MBO and more recently our successful IPO, on behalf of everyone here at Team17, we wish Paul and his family well for the future," said Team17 CEO Debbie Bestwick.

"Secondly, let me welcome Jo into the Team17 family, we are delighted with her appointment. She joins our business at an incredibly exciting time and we look forward to her contribution in continuing our successful journey."

Bray will remain with the business until 30th November 2018.