Crossword Cybersecurity
Plc
CFO
Transition
16
April 2024 - London, UK -
Crossword Cybersecurity
Plc (AIM:CCS, "Crossword", the
"Company" or the "Group"), the cybersecurity solutions company
focused on cyber strategy and risk, announces today that Chief
Financial Officer Mary Dowd has decided to step down as a director
of the Company.
Mary has made a significant
contribution to Crossword in her six years in the role, having
joined in May 2018. Mary successfully led Crossword's admission to
AIM in December 2018 and its subsequent growth and is now looking
to pursue executive opportunities outside the Company. The Board
has agreed that Mary will step down as Chief Financial Officer and
as an executive director of the Company on 30 June 2024, following
the finalisation of the 2023 Annual Report &
Accounts.
The Board has appointed Rose Clark
to succeed Mary as Chief Financial Officer. This will initially be
a non-board position. Rose is an experienced CFO in businesses
with £15m-£500m turnover. She has been CFO of several AIM
companies, including as Group Finance Director of Jelf Group plc,
which acquired 20 businesses over 2 years, growing revenue from
£15m to £75m, and as interim Global CFO of the technology business
Eleco plc. Rose began her career at KPMG, where she qualified as a
Chartered Accountant. She will join Crossword in May to ensure
a smooth transition.
It is intended that Rose Clark will
join the Crossword Board following a satisfactory handover period
with Mary Dowd, and a further announcement will be made at that
time.
Tom
Ilube, Crossword's CEO, said: "I would like to thank Mary for her huge contribution to
Crossword over the last six years. During that time she has led our
admission to AIM, helped the company navigate the financial
challenges of the pandemic, executed multiple fundraising rounds
and managed three successful acquisitions. Mary has laid the
foundation for Crossword's path to profitability this year and our
future rapid growth. Mary leaves Crossword with our best wishes for
the future.
"Rose is a highly regarded CFO and
leader. Beyond her financial credentials, her experience in rapidly
scaling businesses will be especially valuable as Crossword moves
towards profitability and enters its scale up stage. We look
forward to welcoming her to Crossword next month."
- Ends
-
The information contained within this
announcement is deemed to constitute inside information as
stipulated under the retained EU law version of the Market Abuse
Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018. The
information is disclosed in accordance with the Company's
obligations under Article 17 of the UK MAR. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Contacts
Crossword
Cybersecurity plc - Tel: +44 (0) 333 090
2587
Email:
info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Chief Financial Officer
Grant Thornton
(Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem / Ciara
Donnelly
Hybridan LLP
(Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media
enquiries contact:
Duncan Gurney,
GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485
300
About
Crossword Cybersecurity plc
Crossword offers a range of cyber
security solutions to help companies understand and reduce cyber security
risk. We do this through a combination of people and technology,
in the form of SaaS and software products, consulting, and managed
services. Crossword's areas of emphasis are cyber security strategy and risk, supply chain
cyber, threat detection and response, and digital identity and the aim is to
build up a portfolio of cyber security products and services with
recurring revenue models in these four areas. We work closely with
UK universities and our products and services are often powered by
academic research-driven insights. In the area of cybersecurity strategy and risk our consulting services
include cyber maturity assessments, industry certifications, and
virtual chief information security officer (vCISO) managed
services.
Crossword's end-to-end supply chain cyber standard operating
model (SCC SOM) is supported by our best-selling SaaS platform,
Rizikon Assurance, along with cost-effective cyber audits, security
testing services and complete managed services for supply chain
cyber risk management. Threat
detection and response services include our Nightingale
AI-based network monitoring, our Trillion™ suite of threat
intelligence products, Trillion Breach, Harvista and Arc and
incident response. Crossword's work in digital identity is based on the World
Wide Web Consortium W3C verifiable credentials standard and our
current solution, Identiproof, enables secure digital verification
of individuals to prevent fraud.
Crossword serves medium and large
clients including FTSE 100, FTSE 250 and S&P listed companies
in various sectors, such as defence, insurance, investment and
retail banks, private equity, education, technology and
manufacturing and has offices in the UK, Poland and Oman. Crossword
is traded on the AIM market of the London Stock
Exchange.
Visit
Crossword at https://www.crosswordcybersecurity.com/
