Falanx Group Limited Management Structure and Directorate Change (3374H)
March 12 2018 - 3:00AM
UK Regulatory
TIDMFLX
RNS Number : 3374H
Falanx Group Limited
12 March 2018
Falanx Group Limited
("Falanx" or "the Company")
Management Structure and Directorate Change
Following recent customer wins and the recent acquisition of the
assets of First Base Technologies LLP ("First Base"), the Company
is pleased to announce the following management changes to the
business:
Appointment of Group CTO
The Company has appointed Dick Morrell as Group CTO. This role
is responsible for all technology within the business, with a major
emphasis on driving our technology strategy in the Cyber Security
division. Dick has been with the Company since September 2017 and
has a very successful background in cyber technologies and
consultancy. He has previously held senior roles (CTO, CSO) within
organisations such as Red Hat Inc, CGI plc, NTL/VirginMedia and
Gartner Inc, as well as founding his own successful cyber security
company SmoothWall which was subject to acquisition by Tenzing
Private Equity. A UK Government advisor and CLAS consultant to
GCHQ/NCSC/CESG he is an in demand speaker, writer, broadcaster and
thought leader on all security and cloud matters. This skillset has
been highly relevant in positioning our Midgard platform (a cyber
security monitoring managed service based on proprietary and
third-party technologies) and has been key in its recent wins and
customer deliveries.
Appointment of CMO
The Company has also appointed of Rick Flood as Chief Marketing
Officer. This role is responsible for all sales and marketing
operations in the group and will support both the cyber and
intelligence businesses. Rick has been working with the Company for
the last few months and has restructured the Cyber Division's sales
team which has contributed to the recent contract wins.
Rick is an experienced software and technology professional with
15 years' experience of cloud and SaaS technology. He originally
qualified as an accountant but then switched to the software sector
and ultimately to senior executive positions in sales and marketing
with UK and US listed companies. His relevant AIM experience
includes roles at Earthport plc, Host Europe plc and Pipex plc
where he first worked with Mike Read. Rick specialises in go to
market strategies & execution, turnaround and driving sales and
marketing execution
Directorate Change
After nearly two years, Jay Abbott will be leaving Falanx to
pursue other business interests. Jay has successfully developed the
Cyber business, creating a full service model to enable continued
rapid growth. During his tenure, Jay has managed the rebranding of
the Cyber business, SOC relocation and led the innovation of our
new MidGARD service. Jay leaves Falanx Cyber with a solid
foundation in place and well prepared for future expansion.
Jay Abbot, Director of Falanx, commented:
"I have thoroughly enjoyed my time at Falanx, having worked hard
with the leadership team to pass on my knowledge and develop Falanx
Cyber for future success. Although I am moving onto new projects, I
remain a significant and supportive shareholder and wish Falanx
every success and continued growth under the leadership of Mike
Read."
Mike Read, CEO commented:
"I would like to thank Jay for his dedication to the business
while at Falanx and wish him all the best in the future. I am
delighted to formally welcome Dick and Rick in these management
positions, whose key roles are to focus on delivering further large
monitoring services contracts.
Since I became CEO in November 2017, we have implemented these
management changes as well as the appointment of Ian Selby as CFO
and John Blamire taking on the role of COO. This strong team have
the skills and structure to capitalise on this very significant
market opportunity."
Enquiries:
Falanx Group Limited www.falanx.com
Mike Read, Chairman and
CEO
John Blamire, COO
Ian Selby, CFO
SPARK Advisory Partners
Limited
Nominated Adviser
Matt Davis / James Keeshan +44 (0) 203 368 3551
Turner Pope Investments
(TPI) Ltd
Broker
Andy Thacker
IFC Advisory Ltd
Financial PR & IR
Graham Herring +44 (0) 203 621 4120
Miles Nolan
Zach Cohen +44 (0) 203 934 6630
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence
provider working with blue chip and government clients. The Group
listed on AIM in June 2013 under ticker FLX For more information:
http://www.falanx.com/
This information is provided by RNS
The company news service from the London Stock Exchange
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