Crossword Cybersecurity announces Tom Ilube to step to Non-Executive Chair alongside Stuart Jubb taking on the CEO role

– UK, Richmond –  Crossword Cybersecurity Plc (LON: CCS), the cybersecurity solutions company focused on cyber strategy and risk, today announced the appointment of current CEO Tom Ilube as Non-Executive Chair effective from 1 August 2024 alongside current Group Managing Director Stuart Jubb taking on the CEO role.

The current Chair, Sir Richard Dearlove will continue to serve on the Board as non-executive Director.

“I am pleased that we have been able to manage this long planned transition so smoothly. Tom has been preparing Stuart as his successor for several years, giving him wider responsibilities and the Board is satisfied that Stuart is more than ready to take over. We are delighted that Tom remains fully committed to the company and is willing to take over from me as Chair. I have enjoyed my 8 years as Chair of Crossword, seeing it develop to a high growth, very well run cyber security company on the verge of EBITDA profitability and I am very pleased to be asked to remain on the Board as a non-executive Director.” said Board Chair, Sir Richard Dearlove.

The company also announced that Ruth Anderson will step down from the Board at the AGM on 23 May 2024.

About Tom Ilube

Tom Ilube founded Crossword in 2014 and has led the firm as CEO for the past ten years. Tom remains firmly committed to Crossword and will focus his attention on the major strategic steps that will build long-term value for shareholders. Tom is an experienced corporate leader who currently serves as Chair of the Rugby Football Union as well as serving on the Board of WPP, the FTSE 100 global advertising agency company. He previously sat on the Board of the BBC and has chaired a range of other organizations.

 Tom Ilube said: “Stuart and I have worked closely together since 2016 and I always intended for him to be my successor. With me as Chair and Stuart as CEO, our partnership will continue as we enter the next phase of growth, scaling up Crossword as a rapidly growing, profitable company.”

About Stuart Jubb

In preparation for this transition to CEO, Stuart was appointed to the Board at the beginning of April this year. Stuart Jubb joined Crossword in February 2016 to head up Crossword’s newly established cybersecurity consulting division. From 1 January 2022, Stuart has been Group Managing Director of Crossword, with responsibility for Consulting, Sales, and Managed Services, and in September 2023 also became responsible for Product. Before joining Crossword, Stuart worked at KPMG where he was Associate Director, Defence & Security. Before that, he was COO of a global consulting team of over 200 in KPMG Advisory. Stuart spent nine years as an officer in HM Forces, after commissioning from the Royal Military Academy Sandhurst, serving in Afghanistan, NATO, and elsewhere.

Stuart Jubb said: “I am honoured that Tom and Sir Richard are putting their trust in me to take on the role of CEO from August this year. Tom and I have prepared for this transition over the past few years. I am excited about what we are setting out to achieve for our clients, our staff and our shareholders over the next few years, as Crossword moves into its profitable growth phase later this year.”

About Crossword Cybersecurity plc

Crossword offers a range of cyber security solutions to help companies understand and reduce cyber security risks. We do this through a combination of people and technology, in the form of SaaS and software products, consulting, and managed services. Crossword’s areas of emphasis are cyber security strategy and risk, supply chain cyber, threat detection and response, and digital identity and the aim is to build up a portfolio of cyber security products and services with recurring revenue models in these four areas. We work closely with UK universities and our products and services are often powered by academic research-driven insights. In the area of cybersecurity strategy and risk our consulting services include cyber maturity assessments, industry certifications, and virtual CISO managed services.

Crossword’s end-to-end supply chain cyber standard operating model is supported by our best-selling SaaS platform, Rizikon Assurance, along with cost-effective cyber audits, security testing services, and complete managed services for supply chain cyber risk management. Threat detection and response services include our Nightingale AI-based network monitoring, our Trillion™ suite of threat intelligence products, Trillion Breach, Harvista, and Arc, and incident response. Crossword’s work in digital identity is based on the World Wide Web Consortium W3C verifiable credentials standard and our current solution, Identiproof, enables secure digital verification of individuals to prevent fraud.

Crossword serves medium and large clients including FTSE 100, FTSE 250, and S&P-listed companies in various sectors, such as defense, insurance, investment and retail banks, private equity, education, technology, and manufacturing, and has offices in the UK, Poland, and Oman.


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