Director appointments

RNS Number : 4652N

Corero Network Security PLC

09 September 2013

 



Corero Network Security plc

("Corero" or the "Company")

Director appointments

Corero Network Security plc (AIM: CNS), the network security provider, is pleased to announce the appointment of Ashley Stephenson to the board of directors of the Company as Chief Executive Officer following completion of the sale of Corero Business Systems Limited, as set out in the Company's announcement and circular to shareholders dated 15 July 2013.  In addition, Andrew Miller has been appointed as Chief Financial Officer and Chief Operating Officer, having previously been Group Chief Operating Officer.

Ashley first joined Corero Network Security as Executive Vice President of the Network Security division in March 2012, with responsibility for product and solution strategy, and was appointed Chief Executive Officer of the division in January 2013. Ashley has a wealth of executive experience within the international IT industry. He co-founded and led a number of IT companies including Reva Systems Corporation (acquired by ODIN Technologies Inc.) and Xedia Corporation (acquired by Lucent Technologies Inc.), and has provided strategic advisory services to a number of leading multi-national IT companies including technology vendors, distributors and services companies.

Jens Montanana, Chairman of Corero commented "I am delighted to welcome Ashley Stephenson to the Board and to announce that Andrew Miller, whose responsibilities had previously included the financial aspects of the Group, has formally taken the role of Chief Financial Officer. As we are now solely focused on our network security business it is appropriate that the structure of the Board is now aligned to the business' requirements."

Enquiries:

Corero Network Security plc
Andrew Miller, Chief Financial Officer	Tel: [phone]
finnCap
Stuart Andrews / Henrik Persson (corporate finance) Simon Johnson / Stephen Norcross (corporate broking)		Tel: [phone]
Walbrook PR	Tel: [phone]
Bob Huxford / Helen Westaway (Media Relations)
Paul Cornelius (Investor Relations)

About Corero Network Security plc

Corero Network Security is an international network security company and a leading provider of next generation securitysolutions. Deployed as a First Line of Defense solution, Corero's products and services sit outside  a client's network, effectively stopping unwanted traffic (including Distributed Denial of Service ("DDoS") cyber-attacks) from reaching and overwhelming firewalls and other infrastructure components, such that good customer traffic can flow unimpeded.

Corero's First Line of Defense solution utilises sophisticated techniques and technologies to block malicious traffic to stop DDoS and other advanced cyber-attacks before they enter an organisation's IT infrastructure.  This First Line of Defense solution helps customers worldwide, including enterprises, service providers and government organisations safeguard their IT infrastructure and eliminate downtime, ultimately protecting their bottom line.

Disclosures required pursuant to Schedule 2(g) of the AIM rules for companies

Robert Ashley Stephenson, aged 54, is a director of the Company's subsidiaries Corero Network Security Inc. and Corero Network Security (UK) Limited, and has in the past five years formerly served as a director of Reva Systems Corporation and Eyealike Inc.

There are no further disclosures to be made in respect of Ashley pursuant to Schedule 2(g) of the AIM Rules for Companies.

 

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