NCC Group Chief Executive Appointment

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

[phone]

Chris Stone, Chairman

Brian Tenner, CFO

Maitland

[phone]

Neil Bennett

Al Loehnis

Notes to Editors:

Remuneration

Adam Palser will be paid an annual salary of £425,000, 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/

 

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