Defenx plc Board Changes (0358X)
November 21 2017 - 1:02AM
UK Regulatory
TIDMDFX
RNS Number : 0358X
Defenx plc
21 November 2017
21 November 2017
Defenx PLC
("Defenx", the "Company" or, together with its subsidiaries, the
"Group")
Board Changes
Defenx plc (AIM:DFX), the cyber-security software group,
announces the following changes to the board of directors of the
Company (the "Board") with immediate effect.
The Company is pleased to announce the appointment of Alessandro
Poerio as Chief Executive Officer, with Andrea Stecconi, the
current Chief Executive Officer, remaining on the Board as an
Executive Director in a customer relationship role. In addition,
the Company announces the resignation of Non-Executive Director,
Franco Francione, in order to focus on his responsibilities as
Chief Financial Officer of BV-Tech SpA.
Alessandro Poerio is an experienced finance and management
executive in the technology sector. From 2005 to 2017, he was the
Chief Executive Officer of Oberthur Technologies Italia ("OTI"),
the Italian subsidiary of Oberthur Technologies Group S.A.S, the
global embedded digital security company. Prior to taking up the
position of Chief Executive Officer at OTI, Alessandro was the
Chief Financial Officer having been appointed in 2002. Before
joining OTI, he held various finance roles including at L'Oréal
Italia.
Alessandro has a degree in Business Administration from
Università Cattolica del Sacro Cuore in Milan.
Tony Reeves, Non-Executive Chairman of Defenx, commented:
"I am pleased that we have secured the services of Alessandro
Poerio as the Company's new CEO. Alessandro brings with him
considerable experience of building a successful digital security
business and we believe he has the right skills to lead the
executive team in the next phase of the Company's development.
Andrea Stecconi will continue in an executive role, focussed on
ensuring we maximise the opportunity with our existing customers
and partners.
Although Franco Francione has only been on the Board for a short
period, I would like to thank him for his contribution and we will
continue to work closely with him as we further develop our
relationship with BV-Tech.
Despite the challenges that the Company has faced in recent
times, we believe that we have the right strategy and leadership
team to ensure the Group delivers profitable revenue growth in the
medium and long term."
Additional information on Mr Alessandro Poerio
The following additional information is provided in accordance
with paragraph (g) of Schedule Two to the AIM Rules for
Companies:
Alessandro Poerio (aged 50)
Current Directorships/Partnerships Past Directorships/Partnerships
- Oberthur Technologies
Italia Srl
There is no other information that is required to be disclosed
pursuant to paragraph (g) of Schedule Two to the AIM Rules for
Companies.
Enquiries
Defenx PLC
Philipp Prince - Chief Financial Officer 020 3198 9414
IFC Advisory (Financial PR and IR)
Tim Metcalfe / Graham Herring / Heather
Armstrong 020 3053 8671
Strand Hanson Limited (Nominated and
Financial Adviser)
Angella Hallett / Richard Tulloch /
James Bellman 020 7409 3494
WH Ireland (Joint-Broker)
Adrian Hadden / Alex Bond 020 7220 1666
Beaufort Securities (Joint-Broker)
Jon Belliss 020 7382 8300
About Defenx
Founded in 2009, Defenx is a fast-growing and profitable
cyber-security software group that offers a range of Security,
Backup and Protection solutions for smartphones, PCs and
networks.
A channel sales strategy, focused on flexibility,
white-labelling and profit-share arrangements with distributors,
telecoms companies and hardware manufacturers, enables Defenx to
compete with established industry incumbents. Defenx's global
distribution partners currently include 3Italia, Türk Telecom and
Western Digital, amongst others including telecoms operators,
systems integrators and original equipment manufacturers.
Defenx was admitted to trading on AIM on 3 December 2015,
acquired Memopal Srl in August 2016 and announced a strategic
partnership with BV-Tech, an Italian IT solutions provider, in
April 2017. These have allowed the Company to diversify its product
portfolio and grow its customer base by adding proprietary cloud
backup and encryption technology as well as new channel
partners.
Web: investors.defenx.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 21, 2017 02:02 ET (07:02 GMT)
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