Corero Network Security PLC Directorate Change (1618T)
13 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMCNS
RNS Number : 1618T
Corero Network Security PLC
13 November 2023
13 November 2023
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Corero Network Security plc
("Corero", or "the Company")
Appointment of Chief Executive Officer ("CEO")
Corero Network Security plc (AIM: CNS), a leading provider of
distributed denial of service ("DDoS") protection solutions , is
pleased to announce the appointment of Carl Herberger as CEO
Designate of the Company with immediate effect. Carl will be
appointed CEO of the Company and will join the Board of Directors
on 1 January 2024. Following Carl's appointment to the Board, Jens
Montanana will step back from his role as Executive Chairman of the
Company and return to his role as Non-Executive Chairman with
effect from 1 January 2024.
Carl Herberger is based in the United States and has over 20
years' experience in the information technology and cyber security
industries. He joins Corero having previously been at Verinext
Solutions as Field CSO and before that, at a US-based cybersecurity
compliance service provider, CyberSheath Services International,
LLC ("Cybersheath"), where he held the position of Vice President
of Security Services.
Prior to CyberSheath, Carl spent nine years with Radware, Inc.
("Radware") as Global General Manager and Vice President of
Security Solutions. Under Carl's leadership, Radware's DDoS
protection product and services revenue grew significantly, with
the business becoming the number two player in the global DDoS
market. Before joining Radware, Carl held a number of senior
security roles, including Director of Information Security at
Barclaycard US and Global Manager of Information Security and
Disaster Recovery at SunGard Data Systems.
Jens Montanana, Executive Chairman, commented :
"I am delighted to welcome Carl Herberger to Corero as our new
CEO following an extensive search process. Carl's considerable
experience within the cyber security sector, with directly relevant
DDoS experience, and beyond will further enhance Corero's
go-to-market strategy as we continue to grow and develop our
presence in the US and other key international markets.
Carl brings with him strong DDoS market know-how and significant
business development acumen which will benefit both the executive
team and the Company as a whole. We are extremely pleased to have
attracted an executive leader of such calibre and I and the Board
look forward to working with him in this next chapter in Corero's
growth and development."
The following disclosures in relation to Carl Herberger aged 54
are made in accordance with Schedule 2(g) and Rule 17 of the AIM
Rules:
Current Directorships/Partnerships Past Directorships/Partnerships
(5 years)
V erinext Corporation None
--------------------------------
I nfoSecAlliance LLC
--------------------------------
Upon joining Corero, Carl intends to subscribe for an equivalent
of $150,000 in new Corero shares at an issue price of 9p, being the
closing price on 10 November 2023. Following his appointment,
Corero will grant Carl a matching share option award of 4,033,492
options over new ordinary shares of one pence each ("Options") with
an exercise price of 9p for his share subscription. A further
announcement will be made when the subscription agreement has been
entered into.
As a part of Carl's overall CEO compensation, he will receive a
grant of 7,500,000 Options with an exercise price of 9p. A further
announcement will be made once the Options have been granted.
Enquiries:
Corero Network Security plc Tel: +44 (0) 20 7390 0230
Jens Montanana, Executive Chairman
Phil Richards, CFO
Tel: +44 (0) 20 7523 8000
Canaccord Genuity Limited (Nominated Adviser
and Broker)
Simon Bridges / Andrew Potts / Harry Rees
Tel: +44 (0) 20 7390 0230
Vigo Consulting
Jeremy Garcia / Kendall Hill
About Corero Network Security
Corero Network Security is a leading provider of distributed
denial of service (DDoS) protection solutions. We are specialists
in automatic detection and protection solutions, that include
network visibility, analytics, and reporting tools. Corero's
technology provides scalable protection capabilities against both
external DDoS attackers and internal DDoS threats, in even the most
complex edge and subscriber environments, ensuring internet service
availability and uptime. Corero's key operational centres are in
Marlborough, Massachusetts, USA, and Edinburgh, UK, with the
Company's headquarters in London, UK. The Company is listed on the
London Stock Exchange's AIM market under the ticker CNS.
For more information, visit www.corero.com , and follow us on
LinkedIn and Twitter .
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END
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