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Crossword Cybersecurity appoints sales director and subsidiary chairman to drive 2020 growth

Sean Arrowsmith will be responsible for both products and consulting sales activity, while the chair of the firm's advisory board, Robert Coles, will head up the consulting arm of the business

Crossword Cybersecurity PLC - Crossword Cybersecurity appoints sales director and subsidiary chairman to drive 2020 growth

Crossword Cybersecurity PLC (LON:CCS) has appointed a new group sales director and a chair for its consulting subsidiary as part of plans to drive growth in 2020.

The AIM-listed firm said the new sales director, Sean Arrowsmith, will be responsible for both products and consulting sales activity, inheriting a sales pipeline for the company’s Rizikon Assurance risk product worth over £3mln across 100 companies. He previously served as sales director of IRM, the cybersecurity arm of French engineering consultancy Altran.

READ: Crossword Cybersecurity says Consulting division receives CREST accreditation for its penetration testing services

Meanwhile, Robert Coles will be taking on the role of non-executive chair of Crossword’s consulting subsidiary and is currently serving as chair of the company’s advisory board. He joined the firm after previously serving as a lead partner at KPMG’s information security services division.

The company also said that its former business development director, Jake Holloway, will now be serving as its chief product officer full-time, while its chief operating officer, Rob Johnson, is leaving the company to “take up new challenges”.

"With Sean and Robert on board, alongside our current Executive team, we have the right people in place to scale up in 2020”, said Crossword chief executive Tom Ilube.

“Sean is a 20-year tech and cyber sales veteran with a proven track record. Robert will bring his consulting experience, as Lead Partner at KPMG, to our consulting business as Chair. I am delighted to have two such powerful leaders join our team", he added.

Additional loan

In a separate statement, Crossword also said that, further to its announcement of 10 December 2019, the company has received an additional loan of £125,000 under the same terms as the £1.275mln loan agreements announced on 21 November 2019, bringing the total amount of the loans to £1.4mln.

The group said the proceeds of the loans will be used for near to mid-term working capital requirements and to fund its growth plans including continued sales of products and further product development.

In lunchtime trading, Crossword shares were 5.2% lower at 455p.

 -- Adds additional loan news, updates share price --

Quick facts: Crossword Cybersecurity PLC

Price: 380 GBX

AIM:CCS
Market: AIM
Market Cap: £17.84 m
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