NCC Group PLC NCC Group Chief Executive Appointment (7823X)
29 November 2017 - 6:01PM
UK Regulatory
TIDMNCC
RNS Number : 7823X
NCC Group PLC
29 November 2017
NCC Group plc
Adam Palser appointed as Chief Executive Officer
(Manchester, 29(th) November 2017): NCC Group plc, the global
cyber security and risk mitigation group, is pleased to announce
the appointment of Adam Palser as Chief Executive Officer. He will
join the Group on 1(st) December 2017.
Adam was previously the CEO of NSL Ltd, the public services
provider, which had over 3,000 employees. He joined NSL in 2015 and
led the successful transformation and sale of the business for its
Private Equity owner, leaving in March 2017. Before that he held a
number of senior roles at QinetiQ between 2003 and 2013, most
recently as EMEA Business Development Director. Prior to that, Adam
had responsibility for QinetiQ's cyber, information warfare and
professional services businesses.
Adam has a First Class degree and a Doctorate in Chemistry from
Balliol College, Oxford.
The Company confirms that, aside from that listed above, there
is no additional information which is required to be disclosed
under Rule 9.6.13 of the Listing Rules of the UK Listing
Authority.
With effect from Adam's appointment, Chris Stone (currently
Executive Chairman) will become Non-Executive Chairman and Brian
Tenner (currently Interim Chief Executive Officer) will resume his
role as Chief Financial Officer. The Board would like to thank
Chris for stepping up to an executive remit and Brian for his
strong interim CEO leadership.
Commenting on Adam's appointment, Chris Stone said: "On behalf
of the Board I am delighted to welcome Adam as NCC Group's new CEO.
He comes with a wealth of business experience and a track record of
success in the professional services B2B and cyber security
sectors. I am confident that NCC Group will flourish under his
leadership."
Adam Palser commented: "NCC Group is an exciting business with a
wealth of talent in the cyber security and risk space. The $75
billion global cybersecurity industry is growing rapidly as
awareness increases of the external threats faced by all
organisations; NCC Group is well placed to protect them using its
tools, skills and experience."
"I am very much looking forward to working with Chris, the Board
and my new colleagues to ensure that NCC Group can fulfil its
potential and play its role in protecting the systems and networks
on which modern business and society relies."
Contacts
NCC Group +44 161 209 5200
Chris Stone, Chairman
Brian Tenner, CFO
Maitland +44 207 379 5151
Neil Bennett
Al Loehnis
Notes to Editors:
Remuneration
Adam Palser will be paid an annual salary of GBP425,000,
together with an annual bonus of up to 100% of salary subject to
achieving certain performance criteria, of which 35% of any payment
will be deferred in shares for 2 years. He will also be eligible
for an LTIP award of up to 100% of salary subject to achieving
certain performance criteria. His notice period will be six months
during the first year of his employment, increasing to 12 months'
notice to be provided by either party thereafter.
About NCC Group
NCC Group is a global expert in cyber security and risk
mitigation, working with businesses to protect their brand, value
and reputation against the ever-evolving threat landscape.
With the company's knowledge, experience and global footprint,
it is best placed to help businesses identify, assess, mitigate
& respond to the risks they face.
NCC Group is passionate about making the Internet safer and
revolutionising the way in which organisations think about cyber
security.
Headquartered in Manchester, UK, with over 35 offices across the
world, NCC Group employs more than 2,000 people and is a trusted
advisor to 15,000 clients worldwide.
https://www.nccgroup.trust/uk/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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