Tern Plc Statement Re Appointment Of Investment Director
06 September 2017 - 4:00PM
UK Regulatory
TIDMTERN
6 September 2017
Tern Plc (AIM: TERN)
Appointment of Investment Director
Tern Plc (AIM:TERN), the investment company specialising in the Internet
of Things (IoT), is delighted to announce the appointment of Richard
Turner as an Investment Director responsible for portfolio expansion and
development with effect from 5 September 2017.
Bringing nearly two decades of global technology leadership expertise
and extensive security industry knowledge, Richard possesses a strong
track record of business development and transformation with an emphasis
on revenue growth, distribution strategy development and deployment, and
geographic market entry and expansion. Richard has been recognized as an
industry leader and has received several awards including "Highly
Commended" status in the 2011 SC Magazine CEO of the Year category.
Turner's previous roles include President of EMEA at FireEye, Inc., the
intelligence-led security company. Under his leadership, FireEye's EMEA
organisation delivered high levels of revenue growth, largely achieved
through significant increases in the size and volume of enterprise
transations. Richard also spent four and a half years as Chief Executive
of Clearswift Ltd, one of the largest Security Software firms in the UK,
where under his leadership the company delivered four consecutive years
of profit growth, strong recurring revenues and high rates of customer
retention. Richard led the sale of Clearswift to Lyceum Capital in
December 2011.
Previously, he also enjoyed a highly successful career spanning almost
12 year at RSA, the Security Division of EMC, where his roles included
Vice President EMEA, Vice President EMEA and Asia Pacific, Vice
President Worldwide Channels and Vice President Asia Pacific.
Al Sisto, CEO of Tern Plc, said: "Richard's recent and extensive
operational experience makes him a valuable addition to the team at Tern
and an excellent resource for our portfolio companies to leverage. He
has served as a board level executive for close to a decade and brings
truly global market knowledge having lived and worked in Europe, Asia,
the Pacific region and the United States. We welcome him to the board
and look forward to him adding to and strengthening our portfolio
companies."
Richard Turner, incoming Investment Director, commented: "I am thrilled
to be joining the Tern team at such an exciting time. Having worked in
both corporate and investee companies, now is the right time to take the
next logical step in my career and join the investment community. Tern's
focus on the Cloud and IoT are well aligned with my industry knowledge
and I believe my operational experience will be of great value to our
existing and future portfolio."
The following details in relation to the appointment of Mr Turner, aged
48 are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships Past directorships held within the last five years
None Miracl Limited
The Turner Project Limited
There are no other disclosures required under clause (g) Schedule Two of
the AIM Rules in relation to the above appointment.
Enquiries
Tern Plc via Redleaf
Al Sisto/Sarah Payne
WH Ireland Tel: 0117 945 3470
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
Whitman Howard Tel: 020 7659 1234
(Joint broker)
Nick Lovering/Francis North
Redleaf Communications Tel: 020 7382 4730
David Ison/Elisabeth Cowell
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Tern Plc via Globenewswire
(END) Dow Jones Newswires
September 06, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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