Business
Planned CEO Transition
Planned CEO Transition.
About this update from Kainos Group Plc
[{"type":"text","content":"\n\n19 June 2023\n \nKainos Group plc\n \n(\"Kainos\" or the \"Company\")\n \nPlanned CEO Transition\n \nKainos Group plc (KNOS), a UK-headquartered IT provider with expertise across three divisions, Digital Services, Workday Services, and Workday Products, today outlines the details of a planned CEO transition that is intended to take place by the end of September 2023.\n \nAfter 22 years as CEO, and a total of 34 years of service with the Company, Brendan Mooney, with the agreement of the Board, has elected to complete his term as CEO of Kainos by the end of September 2023. At this time Russell Sloan, currently the Digital Services Director of Kainos, will assume the CEO role and join the Kainos Board of Directors. \n \nBrendan joined Kainos as a trainee software engineer on 19 June 1989, undertaking several technical and consulting roles before being appointed to the role of CEO in June 2001. During his tenure as CEO, he has led Kainos through a successful IPO on the London Stock Exchange and turned Kainos into a truly international business and one of the UK's leading IT providers. Brendan will continue to serve as CEO until the conclusion of the Company's Annual General Meeting (\"AGM\") on 21 September 2023. He will not stand for re-election to the Board but will remain actively engaged with the business until June 2024, to ensure an orderly transition. \n \nRussell joined Kainos on 21 June 1999, also as a trainee software engineer, before embarking on a series of leadership roles. Since 2013, Russell has been the Director of Kainos' Digital Services division, over that period growing the division from 35 people to the global team of 1,600 people it is today, delivering digital transformation for government, healthcare and commercial sector organisations. In the most recent financial year, Digital Services generated over 60 per-cent of Kainos' total revenue.\n \nBrendan Mooney, CEO of Kainos, commented:\n \n\"My decision to step down as CEO of Kainos was not an easy one, but made easier knowing the talent and motivation of the team leading the business today. I have complete confidence in Russell to lead us successfully into the future and I look forward to supporting him and the wider team over the next twelve months.\n \nIt has been...