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RNS Number : 1130K

Corero Network Security PLC

31 August 2021

31 August 2021

Corero Network Security plc

("Corero" or the "Company" or the "Group")

PDMR Change; Strengthening of the Sales Organisation with a new Go-To-Market Configuration

Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions , announces that its VP Global Sales, Michael Connolly, a Person Discharging Managerial Responsibility, is pursuing a new career opportunity and therefore leaving the Company.

The Company will now take the opportunity to strengthen and expand its Sales organisation. It has already begun a recruitment process to hire three new senior executives for a Head of North America Sales, a Head of International Sales and a senior Channel Sales executive. These new hires will spearhead Corero's drive to both expand the Group's international sales footprint and broaden its blue-chip customer profile.

In the transition period, the Company plans to create a dual executive leadership structure for North America and Rest of World Sales, with additional executive emphasis on channels, with interim Sales responsibility being split between Ashley Stephenson, for North America and Will Hamber, for Rest of World.

Lionel Chmilewsky, Corero's CEO, said:

"I would like to thank Michael for his service to the Company and we wish him well for the future in his new position. Separately, I am convinced that the changes we are implementing for the Sales Organisation in the near term will strengthen our position on the DDoS protection market and I look forward to the continuing growth in our business."

Enquiries:

 
     Corero Network Security plc 
     Lionel Chmilewsky, Chief Executive Officer 
      Neil Pritchard, Chief Financial Officer             Tel: +44(0)1494 
                                                          590 404 
 
     Canaccord Genuity Limited                          Tel: +44(0)20 7523 
      (Nominated Adviser and Broker)                     8000 
     Simon Bridges / Andrew Potts 
 
     Vigo Consulting                                    Tel: +44(0)20 7390 
                                                         0230 
     Jeremy Garcia / Antonia Pollock 
      corero@vigoconsulting.com

About Corero Network Security

Corero Network Security plc is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker

CNS.   For more information, visit       www.corero.com

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August 31, 2021 02:00 ET (06:00 GMT)

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