7 May 2024
Corero Network Security plc
("Corero" or the "Company")
Directorate Change and Appointment of Chief Financial Officer
Corero Network Security plc (AIM: CNS) (OTCQB: DDOSF), the specialists in distributed denial of service ("DDoS") protection solutions, announces that Phil Richards, Corero's Chief Financial Officer and Board Director has notified the Board of his intention to resign to pursue an opportunity in the iGaming sector. Phil will remain with the business until the publication of the trading update for the six months ended 30 June 2024 to ensure an orderly handover.
The Company is pleased to announce that Chris Goulden will join Corero as Chief Financial Officer with immediate effect.
Chris has over 15 years' experience in finance and operational roles across international B2B service environments. Chris spent 13 years at CBRE Global Workplace Solutions, a US-listed global Facilities Management and Property Services provider, in a number of senior finance roles. Prior to CBRE, Chris spent 3 years supporting a number of divisions at BNP Paribas. Chris trained at EY and is a fellow of the Association of Chartered Certified Accountants and completed his MBA in 2018.
On joining Corero, Chris will not be a director of the Company. Other than that set out below, there is no further information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.
Carl Herberger, Chief Executive Officer, commented:
"I am delighted to welcome Chris to Corero and look forward to working with him as we continue to deliver and grow as a Company. His experience will further strengthen the Company's skillset and I am confident he will significantly contribute to our future success.
"I would like to take this opportunity to thank Phil for his significant contribution and dedication to Corero. We wish him all the best for the future in his new role."
Chris Goulden added:
"I am delighted to be joining Corero and very much look forward to working with the team to deliver the next phase of growth."
Additional Information
Details in respect of Chris Goulden, as required pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, are as set out below.
Christopher James Goulden, age 39, is currently, or has been, a Director of the following companies within the past five years:
| Current Directorships | Previous Directorships |
| Nil | CBRE GWS A/S (Norway) |
Enquiries:
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Corero Network Security plc | Tel: +44(0)20 7390 0230 |
| Carl Herberger, Chief Executive Officer | |
| Phil Richards, Chief Financial Officer | |
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| Canaccord Genuity Limited (Nominated Adviser and Broker) | Tel: +44(0)20 7523 8000 |
| Simon Bridges / Andrew Potts / Harry Rees | |
| | |
| Vigo Consulting | Tel: +44(0)20 7390 0230 |
| Jeremy Garcia / Kendall Hill | |
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About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero's technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centres in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange's AIM market (ticker: CNS) and the US OTCQB market (OTCQB: DDOSF).
For more information, visit www.corero.com, and follow us on LinkedIn and X (Twitter).
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