Crossword Cybersecurity plc has announced the resignation, with immediate effect, of Rose Clark as Chief Financial Officer. The Group said a search is underway for a replacement and an announcement regarding the appointment will be made in due course.
Crossword Cybersecurity has recently implemented a cost reduction programme, involving both staff and other overhead cuts, taking over 1.2 million pounds out of the company's cost base on an annualised basis.
Stuart Jubb, CEO, said: "We are continuing to focus on achieving EBITDA and cash breakeven in second half, 2024 and have taken decisive action to reduce the cost base to a more sustainable level. We will focus on higher margin business going forward and will continue to monitor our portfolio of businesses to ensure that they meet that criterion."
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