Crossword Cybersecurity PLC announced on Tuesday that CEO Tom Ilube will be transitioning to the role of non-executive chair, while Stuart Jubb, the current group managing director, will be stepping up as CEO. These changes are set to take effect on August 1, according to the London-based cyber security and risk technology company.
The current chair, Richard Dearlove, will continue to serve on the board as a non-executive director. “I am pleased that we have been able to manage this long planned transition so smoothly. Tom has been preparing Stuart as his successor for several years, giving him wider responsibilities and the board is satisfied that Stuart is more than ready to take over. We are delighted that Tom remains fully committed to the company and is willing to take over from me as chair,” said Chair Richard Dearlove.
He added: “I have enjoyed my eight years as chair of Crossword, seeing it develop into a high-growth, very well-run cyber security company on the verge of profitability and I am very pleased to be asked to remain on the board as a non-executive director.”
Crossword Cybersecurity shares closed 6.0% higher at 5.30 pence each in London on Tuesday.
By Holly Beveridge, Alliance News reporter
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