REG - Corero Network Sec. - Directorate Change

Corero Network SecurityAnnouncement

21/09/2023 07:15

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RNS Number : 1378N  Corero Network Security PLC  21 September 2023

21 September 2023

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Corero Network Security plc

("Corero", or "the Company")

 

Directorate Change

 

Corero Network Security plc (AIM: CNS), a leading provider of distributed
denial of service ("DDoS") protection solutions, is pleased to announce that
Phil Richards, Chief Financial Officer and PDMR, is appointed to the Company's
Board with immediate effect.

 

In addition, Andrew Miller who was appointed Interim Chief Operating Officer
with effect from 1 March 2023 will step down from this executive role.
 Andrew will remain a Non-Executive Director of the Company.

 

The search process for the Chief Executive Officer role has commenced, with
the appointment of an executive search firm.  The Company will make an
announcement in due course in this regard.

 

Jens Montanana, Executive Chairman, commented:

"I am delighted to welcome Phil Richards to the Corero Board.  On behalf of
the Board I would like to thank Andrew Miller for his contribution to the
business since his interim role appointment following the management changes
announced in February 2023."

 

Further Information

 

Philip Richards, aged 38, holds or has held the following directorships or
partnerships in the past five years:

 

Current directorships or partnerships

 

Corero Group Services Ltd

Corero Network Security (UK) Ltd

 

Previous directorships or partnerships

 

Kambi Services Ltd

Whitgift Sports Club Ltd

 

 

Enquiries:

 

 Corero Network Security plc                                 Tel: +44 (0) 20 7390 0230

 Jens Montanana, Executive Chairman

 Phil Richards, CFO
                                                             Tel: +44 (0) 20 7523 8000

 Canaccord Genuity Limited (Nominated Adviser and Broker)

 Simon Bridges / Andrew Potts / Harry Rees
                                                             Tel: +44 (0) 20 7390 0230

 Vigo Consulting

 Jeremy Garcia / Kendall Hill

 

About Corero Network Security

 

Corero Network Security is a leading provider of DDoS protection solutions,
specializing in automatic detection and protection solutions with network
visibility, analytics, and reporting tools. Corero's technology protects
against external and internal DDoS threats in complex edge and subscriber
environments, ensuring internet service availability. With operational centers
in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered
in London and listed on the London Stock Exchange's AIM market (ticker: CNS).
For more information, visit: https://www.corero.com (https://www.corero.com) .

 

For more information, visit www.corero.com (http://www.corero.com) , and
follow us on LinkedIn (https://www.linkedin.com/company/corero/)
 and Twitter (https://twitter.com/Corero) .

 

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