Tern Plc Statement Re Appointment Of Investment Director

 
TIDMTERN 
 
 
   6 September 2017 
 
   Tern Plc (AIM: TERN) 
 
   Appointment of Investment Director 
 
   Tern Plc (AIM:TERN), the investment company specialising in the Internet 
of Things (IoT), is delighted to announce the appointment of Richard 
Turner as an Investment Director responsible for portfolio expansion and 
development with effect from 5 September 2017. 
 
   Bringing nearly two decades of global technology leadership expertise 
and extensive security industry knowledge, Richard possesses a strong 
track record of business development and transformation with an emphasis 
on revenue growth, distribution strategy development and deployment, and 
geographic market entry and expansion. Richard has been recognized as an 
industry leader and has received several awards including "Highly 
Commended" status in the 2011 SC Magazine CEO of the Year category. 
 
   Turner's previous roles include President of EMEA at FireEye, Inc., the 
intelligence-led security company. Under his leadership, FireEye's EMEA 
organisation delivered high levels of revenue growth, largely achieved 
through significant increases in the size and volume of enterprise 
transations. Richard also spent four and a half years as Chief Executive 
of Clearswift Ltd, one of the largest Security Software firms in the UK, 
where under his leadership the company delivered four consecutive years 
of profit growth, strong recurring revenues and high rates of customer 
retention. Richard led the sale of Clearswift to Lyceum Capital in 
December 2011. 
 
   Previously, he also enjoyed a highly successful career spanning almost 
12 year at RSA, the Security Division of EMC, where his roles included 
Vice President EMEA, Vice President EMEA and Asia Pacific, Vice 
President Worldwide Channels and Vice President Asia Pacific. 
 
   Al Sisto, CEO of Tern Plc, said: "Richard's recent and extensive 
operational experience makes him a valuable addition to the team at Tern 
and an excellent resource for our portfolio companies to leverage. He 
has served as a board level executive for close to a decade and brings 
truly global market knowledge having lived and worked in Europe, Asia, 
the Pacific region and the United States. We welcome him to the board 
and look forward to him adding to and strengthening our portfolio 
companies." 
 
   Richard Turner, incoming Investment Director, commented: "I am thrilled 
to be joining the Tern team at such an exciting time. Having worked in 
both corporate and investee companies, now is the right time to take the 
next logical step in my career and join the investment community. Tern's 
focus on the Cloud and IoT are well aligned with my industry knowledge 
and I believe my operational experience will be of great value to our 
existing and future portfolio." 
 
   The following details in relation to the appointment of Mr Turner, aged 
48 are disclosed in accordance with Schedule 2(g) of the AIM Rules: 
 
 
 
 
Current directorships  Past directorships held within the last five years 
None                   Miracl Limited 
                       The Turner Project Limited 
 
 
   There are no other disclosures required under clause (g) Schedule Two of 
the AIM Rules in relation to the above appointment. 
 
   Enquiries 
 
 
 
 
Tern Plc                       via Redleaf 
 Al Sisto/Sarah Payne 
 
  WH Ireland                     Tel: [phone] 
  (NOMAD and joint broker) 
  Mike Coe/Ed Allsopp 
 
  Whitman Howard                 Tel: [phone] 
  (Joint broker) 
  Nick Lovering/Francis North 
 
  Redleaf Communications         Tel: [phone] 
  David Ison/Elisabeth Cowell 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Tern Plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

September 06, 2017 02:00 ET (06:00 GMT)

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