Posted on July 12, 2019 by staff

CFO leaves cybersecurity firm Sophos


British cybersecurity firm Sophos has announced the departure of its CFO Nick Bray.

The publicly listed company said that Bray has decided to take up a new position at a private equity owned business which operates in a different segment of the tech market.

Following the announcement, the Oxfordshire firm said it has begun the process of appointing a successor.

Bray will continue in his role at Sophos until mind-November, following the company’s half-year results and success when standing for re-election at the company’s annual general meeting in September.

Bray, who has been with the firm for nine years, said he had thoroughly enjoyed his 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.,” he said.

“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.”

Sophos has nearly 400,000 organizations of all sizes in more than 150 countries.

Sophos chairman Peter Gyenes said: “[Bray] 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.”

Sophos CEO Kris Hagerman said: “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.”

In May the firm announced an 87 per cent profit growth to $109m.