12 July 2019
Sophos Group plc
Sophos Announces Departure of Nick Bray, CFO
Sophos Group plc ("Sophos" / LSE: SOPH) announces that Nick Bray, Chief Financial Officer, has informed the Board of his decision to take up a new position at a private equity-owned business operating in a different segment of the technology market to Sophos.
As a result, the Board has begun a process to appoint a successor to Mr. Bray and a further announcement will be made in due course. To support an orderly transition and succession process, Mr. Bray will continue with Sophos until mid-November 2019, after the Company's half year results.
Peter Gyenes, Chairman, said: "Nick has been our CFO since 2010. He has been a valued member of the management team and the board, and has made significant contributions to the growth and success of Sophos during his tenure. On behalf of the board, I would like to thank him for all he has done for Sophos, and wish him every success in the future."
Kris Hagerman, Chief Executive Officer, said: "I would like to echo Peter's sentiments and express my personal thanks. Nick has played a critical role in guiding the company's growth and expansion to become a clear leader in the exciting next-generation cybersecurity market, and we are immensely grateful for his many contributions."
Nick Bray, Chief Financial Officer, said: "I have been at Sophos for 9 years, and I have thoroughly enjoyed my experience with the company. I am extremely proud of what we have accomplished as a team. While this kind of decision is never easy, I leave the company both financially and operationally strong, and with a bright future ahead of it. I am very confident that Sophos will continue to grow and succeed, and deliver value for all its key constituents: shareholders, customers, channel partners, and Sophos team members."
Mr. Bray intends to stand for re-election at Sophos' Annual General Meeting to be held on 25 September 2019 (or any adjournment thereof) and, if re-elected, it is currently expected that he would continue to serve on the Board until his employment ends.
In accordance with section 430(2B) of the Companies Act 2006, the arrangements that will apply in respect of Mr. Bray's remuneration can be found at www.sophos.com/investors/corporate-governance/remuneration.
For further information, please contact:
Sophos Group plc Tel: +44 (0) 1235 559 933
Kris Hagerman, Chief Executive Officer
Derek Brown, Vice President Investor Relations
Tulchan Communications Tel: +44 (0) 20 7353 4200
James Macey White
As a worldwide leader in next-generation cybersecurity, Sophos protects nearly 400,000 organizations of all sizes in more than 150 countries from today's most advanced cyberthreats. Powered by SophosLabs - a global threat intelligence and data science team - Sophos' cloud-native and AI-enhanced solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cybercriminal tactics and techniques, including automated and active-adversary breaches, ransomware, malware, exploits, data exfiltration, phishing, and more. The award-winning Sophos Central cloud-based platform integrates Sophos' entire portfolio of best-of-breed products, from the Intercept X endpoint solution to the XG Firewall, into a single system called Synchronized Security. Sophos products are exclusively available through a global channel of more than 47,000 partners and Managed Service Providers (MSPs). Sophos also makes its innovative commercial technologies available to consumers via Sophos Home. The company is headquartered in Oxford, U.K., and is publicly traded on the London Stock Exchange under the symbol "SOPH." More information is available at www.sophos.com.
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