Directorate Change - Group CEO Appointment
11/12/2024 07:00
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RNS Number : 5941P Kainos Group plc 11 December 2024
11 December 2024
Kainos Group plc ('Kainos' or the 'Group')
Directorate Change - Group CEO Appointment
Kainos Group plc (KNOS), a UK-headquartered IT provider with expertise across
three divisions - Digital Services, Workday Services and Workday Products -
announces the re-appointment to the Board of Brendan Mooney as Chief Executive
Officer. He will succeed Russell Sloan, who is stepping down with immediate
effect.
The Board's expectations of trading for the year ending 31 March 2025 are
unchanged from the interim results that were announced on 11 November 2024.
Brendan has worked for Kainos since 1989. He was CEO for 22 years before
stepping down in September 2023. As CEO, Brendan led Kainos through a
successful IPO in 2015 and turned Kainos into an international business and
one of the UK's leading IT providers.
Russell took over from Brendan as CEO in September 2023 and has been with
Kainos since 1999. He was previously Director of the Group's Digital Services
division, among a series of other leadership roles.
Rosaleen Blair, Chair of Kainos, commented:
"We are delighted to welcome Brendan back to the role of CEO. Having overseen
a hugely successful period of growth for Kainos, he needs very little
introduction to anyone connected with the Group. Brendan's knowledge of the
Group, its challenges and opportunities is unsurpassed and we look forward to
a clear focus on a return to growth."
"I would also like to thank Russell for the enormous contribution that he has
made to Kainos in his 25 years with the Group. He played a key role in the
development of Kainos. In his time with the business, it went from a small
private company to an international business operating in over 20 countries.
He leaves with our gratitude and respect and we wish him every success in the
future."
Brendan Mooney commented:
"I am delighted to be returning to the role of CEO, and I see significant
growth opportunities ahead for Kainos. My time since stepping down as CEO has
given me a fresh perspective on Kainos and its potential, and I am looking
forward to supporting the team in delivering the next phase of our growth"
Russell Sloan commented:
"It has been a privilege to work with so many talented people over my 25 year
career in Kainos and I'm tremendously proud of everything we have achieved and
delivered for our clients. My best wishes for the future success of Kainos."
The Company confirms that there are no disclosures that need to be made under
UKLR 6.4.8 (1) - (6) relating to the appointment of Brendan Mooney.
This announcement contains information that qualified or may have qualified as
inside information for the purposes 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"). Upon the publication of this announcement,
this inside information is now considered to be in the public domain.
The person responsible for arranging the release of this announcement on
behalf of the Company is Grainne Burns, Chief Legal Officer & Company
Secretary.
Ends
For further information, please contact:
Kainos
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer
Investec Bank
plc
+44 20 7597 5970
Patrick Robb / Nick Prowting / Ben Griffiths
FTI Consulting LLP
+44 20 3727 1000
Dwight Burden / Kwaku Aning
About Kainos Group plc
Kainos Group plc is a UK-headquartered provider of sophisticated IT services
to major public sector, commercial and healthcare customers. Our expertise
spans three divisions: Digital Services, Workday Services, and Workday
Products.
· Digital Services: We develop and support custom digital service
platforms that transform service delivery in public, commercial, and
healthcare sectors. Our solutions ensure security, accessibility,
cost-effectiveness, and improved user outcomes.
· Workday Services: Specialising in deploying Workday, Inc.'s
Finance, HR, and Planning products, we are a respected partner in Europe and
North America. Experienced in complex deployments, we are trusted to launch,
test, expand, and support Workday systems.
· Workday Products: Our established product suite, incorporating
Smart Test, Smart Audit, and Smart Shield, complements Workday by enhancing
system security and compliance. Our Employee Document Management product,
launched in October 2023, improves document generation and storage within
Workday while supporting an organisation's global compliance requirements.
Over 500 global customers use one or more of our products.
Our people are central to our success. We employ more than 3,000 people in 20
countries across Europe, Asia and the Americas.
We are listed on the London Stock Exchange (LSE: KNOS) and you can discover
more about us at www.kainos.com (http://www.kainos.com/)
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