11 December 2024
Kainos Group plc ('Kainos' or
the 'Group')
Directorate Change - Group
CEO Appointment
Kainos Group plc (KNOS), a
UK-headquartered IT provider with expertise across three divisions
- Digital Services, Workday Services and Workday Products -
announces the re-appointment to the Board of Brendan Mooney as
Chief Executive Officer. He will succeed Russell Sloan, who is
stepping down with immediate effect.
The Board's expectations of trading
for the year ending 31 March 2025 are unchanged from the interim
results that were announced on 11 November 2024.
Brendan has worked for Kainos since
1989. He was CEO for 22 years before stepping down in September
2023. As CEO, Brendan led Kainos through a successful IPO in
2015 and turned Kainos into an international business and one of
the UK's leading IT providers.
Russell took over from Brendan as
CEO in September 2023 and has been with Kainos since 1999. He was
previously Director of the Group's Digital Services division, among
a series of other leadership roles.
Rosaleen Blair, Chair of Kainos,
commented:
"We are delighted to welcome Brendan back to the role of CEO.
Having overseen a hugely successful period of growth for Kainos, he
needs very little introduction to anyone connected with the Group.
Brendan's knowledge of the Group, its challenges and opportunities
is unsurpassed and we look forward to a clear focus on a return to
growth."
"I
would also like to thank Russell for the enormous contribution that
he has made to Kainos in his 25 years with the Group. He played a
key role in the development of Kainos. In his time with the
business, it went from a small private company to an international
business operating in over 20 countries. He leaves with our
gratitude and respect and we wish him every success in the
future."
Brendan Mooney commented:
"I
am delighted to be returning to the role of CEO, and I see
significant growth opportunities ahead for Kainos. My time since
stepping down as CEO has given me a fresh perspective on Kainos and
its potential, and I am looking forward to supporting the team in
delivering the next phase of our growth"
Russell Sloan commented:
"It has been a privilege to work with so many talented people
over my 25 year career in Kainos and I'm tremendously proud of
everything we have achieved and delivered for our clients. My best
wishes for the future success of Kainos."
The Company confirms that there are
no disclosures that need to be made under UKLR 6.4.8 (1) - (6)
relating to the appointment of Brendan Mooney.
This announcement contains
information that qualified or may have qualified as inside
information for the purposes of the Market Abuse Regulation (EU)
596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ("MAR"). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
The person responsible for arranging
the release of this announcement on behalf of the Company is
Grainne Burns, Chief Legal Officer & Company
Secretary.
Ends
For further information, please
contact:
Kainos
Brendan Mooney, Chief Executive
Officer
Richard McCann, Chief Financial
Officer
Investec Bank plc
+44 20 7597
5970
Patrick Robb / Nick Prowting / Ben
Griffiths
FTI
Consulting
LLP
+44 20 3727 1000
Dwight Burden / Kwaku
Aning
About Kainos Group plc
Kainos Group plc is a
UK-headquartered provider of sophisticated IT services to major
public sector, commercial and healthcare customers. Our expertise
spans three divisions: Digital Services, Workday Services, and
Workday Products.
·
Digital Services: We
develop and support custom digital service platforms that transform
service delivery in public, commercial, and healthcare sectors. Our
solutions ensure security, accessibility, cost-effectiveness, and
improved user outcomes.
·
Workday Services: Specialising in deploying
Workday, Inc.'s Finance, HR, and Planning products, we are a
respected partner in Europe and North America. Experienced in
complex deployments, we are trusted to launch, test, expand, and
support Workday systems.
·
Workday Products: Our established product suite,
incorporating Smart Test, Smart Audit, and Smart Shield,
complements Workday by enhancing system security and compliance.
Our Employee Document Management product, launched in October 2023,
improves document generation and storage within Workday while
supporting an
organisation's global compliance requirements. Over 500 global customers use
one or more of our products.
Our people are central to our
success. We employ more than 3,000 people in 20 countries across
Europe, Asia and the Americas.
We are listed on the London Stock
Exchange (LSE: KNOS) and you can discover more about us
at www.kainos.com