Brendan Mooney, the former CEO of Belfast tech business Kainos Group plc, has returned to the helm.
Russell Sloan, who succeeded Mooney in September 2023, has stepped down with immediate effect.
The London-listed firm is described as a digital transformation expert and Workday partner.
Mooney has worked for Kainos since 1989. He was CEO for 22 years before stepping down in September 2023. As CEO, he led Kainos through a successful IPO in 2015 and turned it into an international business.
Sloan has been with Kainos since 1999. He was previously director of the group’s digital services division, among a series of other leadership roles.
In November Kainos reported that full-year revenues will be “moderately below” current market expectations due to macro-economic impacts.
In this morning’s notice to the London Stock Exchange, it said expectations of trading for the year ending 31st March 2025 are unchanged from these interim results.
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“We are delighted to welcome Brendan back to the role of CEO,” said chair Rosaleen Blair.
“Having overseen a hugely successful period of growth for Kainos, he needs very little introduction to anyone connected with the group.
“Brendan’s knowledge of the group, its challenges and opportunities is unsurpassed and we look forward to a clear focus on a return to growth.
“I would also like to thank Russell for the enormous contribution that he has made to Kainos in his 25 years with the group. He played a key role in the development of Kainos.
“In his time with the business, it went from a small private company to an international business operating in over 20 countries. He leaves with our gratitude and respect and we wish him every success in the future.”
Mooney added: “I am delighted to be returning to the role of CEO, and I see significant growth opportunities ahead for Kainos.
“My time since stepping down as CEO has given me a fresh perspective on Kainos and its potential, and I am looking forward to supporting the team in delivering the next phase of our growth.”
Sloan commented: “It has been a privilege to work with so many talented people over my 25 year career in Kainos and I’m tremendously proud of everything we have achieved and delivered for our clients.
“My best wishes for the future success of Kainos.”
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