Cotton steps down as CEO of NCC

Manchester-based NCC Group, the listed cyber security and risk mitigation firm has announced Rob Cotton has stepped down as chief executive and executive director of the board with immediate effect.

Chief financial officer Brian Tenner will take over as interim chief executive and will lead a strategic review, announced last week following another profit warning after which the company’s share price tumbled by 30% to 125p.

Chairman Paul Mitchell said: “Rob has served the Group for the last 17 years, steering it through its move to the London Stock Exchange’s main market in July 2007, following admission to AIM in July 2004. We would like to thank him for his major contribution and wish him well for the future.”

Debbie Hewitt, senior independent director, will continue to lead the search for the chairman, to replace Mitchell when he steps down at the end of May 2017.

The board expects to update the market no later than the group’s year end results, due in July 2017.