Corero Network Security PLC Directorate Changes (0197M)
03 January 2019 - 6:01PM
UK Regulatory
TIDMCNS
RNS Number : 0197M
Corero Network Security PLC
03 January 2019
3 January 2019
Corero Network Security plc
("Corero" or the "Company")
Directorate Changes
Corero Network Security plc (AIM: CNS), the network security
company, announces directorate changes to the Company's board in
order to optimise its composition both in the UK and US.
Peter G George has been appointed as Independent Non-Executive
Director of the Company with immediate effect.
Peter George is based in the US, and has over 30 years'
experience in the IT networking and cybersecurity industry, most
recently as President and CEO of empow cybersecurity, a market
innovator in AI, machine learning and advanced security analytics.
Prior to empow, between 2008 to 2017, he was President and CEO of
Fidelis Cybersecurity a leading US-based Advanced Threat Defense
business. Before joining Fidelis, Peter was President and CEO of
Crossbeam Systems, a market leader in Unified Threat Management.
Prior to that he was the President of Nortel Networks' enterprise
business where he was responsible for growing a $2 billion and
5,000 employee voice and data business in EMEA.
In order to capitalise on the recently announcement global
resale partnership agreement with Juniper Networks (NYSE: JNPR) and
to focus on maximising revenues from both direct and new
go-to-market indirect sales channels, the Company intends to expand
its US-based management team which will include the appointment of
a head of global sales. As a result, Andrew Lloyd, UK-based
President and EVP Sales and Marketing, will, by mutual agreement,
be stepping down from the board and will leave the Company with
effect from 4 January 2019.
Jens Montanana, Corero Chairman, said:
"On behalf of the board, I would like to thank Andrew for his
contribution to Corero and wish him all the best for the
future.
"We are delighted to appoint Peter as we seek to both broaden
our US reach and deliver a greater balance of independence to our
board. We sought to complement our existing skill set with a
US-based executive with a successful track record of leading IT
network and security companies and we believe Peter has these
skills and will be an excellent addition to Corero's board."
The following disclosures in relation to Peter Gustav George
aged (59) are made in accordance with Schedule 2(g) and Rule 17 of
the AIM Rules.
Current Directorships/Partnerships Past Directorships/Partnerships
(5 years)
EJ2 Communications Inc. (trading Fidelis Cybersecurity, Inc.
as Flashpoint)
-------------------------------------
Fidelis Cybersecurity Solutions
Limited
-------------------------------------
Empow Cybersecurity Inc.
-------------------------------------
Peter George does not hold any shares in the Company. Following
his appointment, Corero will grant him 750,000 options over new
ordinary shares of one pence each ("Options") exercisable at the
prevailing market price. A further announcement will be made once
the Options have been granted.
Other than the information contained in this announcement, there
is no further information required to be disclosed under Rule 17
and Schedule Two, paragraph (g) of the AIM Rules.
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries:
Corero Network Security plc
Andrew Miller, CFO Tel: 01895 876 382
Cenkos Securities plc Tel: 020 7397 8900
Mark Connelly - NOMAD
Michael Johnson - Sales
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Ben Simons /Antonia Pollock
corero@vigocomms.com
About Corero Network Security
Corero Network Security is a leader in real-time,
high-performance DDoS defense solutions. Service providers, hosting
providers and digital enterprises rely on Corero's award winning
technology to eliminate the DDoS threat to their environment
through automatic attack detection and mitigation, coupled with
complete network visibility, analytics and reporting. This industry
leading technology provides cost effective, scalable protection
capabilities against DDoS attacks in the most complex environments
while enabling a more cost-effective economic model than previously
available. For more information, visit www.corero.com
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contact rns@lseg.com or visit www.rns.com.
END
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