Posted on September 11, 2018 by staff

Cyber security boss reinstated months after resigning


Cyber security service provider ECSC Group has reappointed Ian Mann as CEO months after he resigned from the position.

Mann stepped down from the role and board in April after the Bradford-based company posted significant losses but remained a full-time employee and major shareholder.

Later that month he rejoined the board as an executive director while chief financial officer Steve Hammell, who was set to become the new CEO, and non-executive director Steve Vaughan resigned from the board.

Lucy Sharp was instead appointed interim CEO. She will now return to her previous role of chief operating officer following a statement this morning on the London Stock Exchange which confirmed Mann’s return as CEO.

“I am delighted to be resuming the role of CEO and look forward to meeting with investors to discuss our progress and strategy in the next few weeks,” Mann said.

David Mathewson, who took over as non-executive chairman from Nigel Payne in late April, said: “The board has been pleased with progress since the board changes earlier in the year, and believes this new structure will give us a strong platform to continue to deliver our growth strategy.”

ECSC floated on the AIM market of the London Stock Exchange in December 2016 but published a disappointing set of financial results for the 12-month period to 31 December 2017.

The company reported lower than expected revenue growth and fell into the red with an operating loss of almost £3.2m after experiencing a number of challenges.

Established in 2000, ECSC describes itself as the UK’s longest running ‘full service’ information and cyber security service provider.

It works with a range of sectors including education, retail, legal, financial and local authorities and its client list ranges from eCommerce start-ups to global organisations.