# Sophos Group PLC announces departure of CFO Nick Bray

- Link: https://www.directorstalkinterviews.com/sophos-group-plc-announces-departure-of-cfo-nick-bray/412787605
- Published: 2019-07-12T07:20:28+01:00
- Author: Amilia Stone

**Sophos Group PLC **(LON:SOPH) today announced that Nick Bray, Chief Financial 
Officer, has informed the Board of his decision to take up a new position at a private
equity-owned business operating in a different segment of the technology market 
to Sophos.

As a result, the Board has begun a process to appoint a successor to Mr. Bray and
a further announcement will be made in due course.  To support an orderly transition
and succession process, Mr. Bray will continue with Sophos until mid-November 2019,
after the Company’s half year results.

> **Peter Gyenes, Chairman, said**: “Nick has been our CFO since 2010.  He 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.”

> **Kris Hagerman, Chief Executive Officer, said**:  “I would like to echo Peter’s
> sentiments and express my personal thanks.  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.” 

> **Nick Bray, Chief Financial Officer, said**:  “I have been at Sophos for 9 years,
> and I have thoroughly enjoyed my 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.  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.”

_Note_

_Mr. Bray intends to stand for re-election at Sophos’ Annual General Meeting to 
be held on 25 September 2019 (or any adjournment thereof) and, if re-elected, it
is currently expected that he would continue to serve on the Board until his employment
ends._

_In accordance with section 430(2B) of the Companies Act 2006, the arrangements 
that will apply in respect of Mr. Bray’s remuneration can be found at www.sophos.
com/investors/corporate-governance/remuneration._

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