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RNS Number : 3987E Corero Network Security PLC 28 October 2022
28 October 2022
Corero Network Security plc
("Corero", or "the Company")
Appointment of Chief Financial Officer
Corero Network Security plc (AIM: CNS), a leading provider of real-time
high-performance, automatic Distributed Denial of Service ("DDoS") cyber
defense solutions, is pleased to announce that it has appointed Philip
Richards to the role of Chief Financial Officer of the Company.
Philip is an experienced finance professional with significant commercial,
capital markets and investor relations experience, and will join Corero on 21
Philip is currently SVP of Finance at Kambi Group plc, a UK-Swedish based
gaming company listed on First North at Nasdaq Stockholm, having joined the
business in 2017 as Financial Controller, also serving as US General Manager
from 2019 to 2020. Philip also held the position of a financial controller
within the RDS plc group from 2014 to 2016, having previously worked for KPMG
as Audit Manager across the Media and Technology sectors from 2008 to 2014.
It is planned that Philip will join the Board of Directors in due course, and
other than that set out below, there is no further information required to be
disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.
Following this appointment, Andrew Miller will, following a handover period,
revert to his role as a Non-Executive Director for the Company on 1 January
Lionel Chmilewsky, Chief Executive Officer, commented:
"I would like to welcome Philip to Corero and look forward to working with him
as we focus on accelerating our progress and delivering further growth. His
experience will further strengthen the Company's skillset and will also
contribute to our future success."
Philip Richards added:
"I am delighted to be joining Corero at such an exciting time in the Company's
development. I am very much looking forward to working with the team to
deliver the next phase of growth and help drive the Company forward to achieve
Details in respect of Philip Richards, as required pursuant to Rule 17 and
Schedule 2(g) of the AIM Rules for Companies, are as set out below.
Philip William Richards, age 37, is currently or has been a Director of the
following companies within the past five years:
Current Directorships Previous Directorships
Nil Kambi Services Ltd
Whitgift Sports Club Ltd
The information contained within this announcement was deemed to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No.
596/2014, as amended by regulation 11 of the Market Abuse (Amendment) (EU
Exit) Regulations 2019/310, prior to release of this announcement. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.
Corero Network Security plc Tel: +44 (0) 20 7390 0230
Lionel Chmilewsky, Chief Executive Officer
Andrew Miller, Interim CFO
Canaccord Genuity Limited (Nominated Adviser and Broker) Tel: +44 (0) 20 7523 8000
Simon Bridges / Andrew Potts / Harry Rees
Vigo Consulting Tel: +44 (0) 20 7390 0230
Jeremy Garcia / Kendall Hill
About Corero Network Security
Corero Network Security plc is a global leader in real-time, high-performance,
automatic DDoS cyber defense solutions. Both Service and Hosting providers,
alongside digital enterprises across the globe rely on Corero's award winning
cybersecurity technology to eliminate the threat of Distributed Denial of
Service (DDoS) to their digital environment through automatic attack detection
and mitigation, coupled with network visibility, analytics and reporting.
Corero's industry leading SmartWall and SecureWatch technology provides
scalable protection capabilities against external DDoS attackers and internal
DDoS botnets in the most complex edge and subscriber environments, while
enabling a more cost-effective economic model than previously available.
Corero's key operational centers located in Marlborough, Massachusetts, USA
and Edinburgh, UK, with the Company's headquarters in London, UK. The Company
is listed on the London Stock Exchange's AIM market under the ticker CNS. For
more information, visit www.corero.com (http://www.corero.com/) .
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