NTT Com Security has been forced to make some senior personnel changes following the departure of its CEO and CFO.
The channel player has introduced Frank Brandenburg, its current senior vice president of Central Europe as its new CEO, replacing long time employee Simon Church and senior vice president, global finance and operations Martin Naughalty as CFO stepping into the shoes of Heiner Luntz.
The changes will happen at the end of next month with Church and Luntz leaving the firm on 31 July and the fresh management team taking up their posts on 1 August.
Over the past couple of years Church, who rose from a regional management position in the UK to be given the CEO role, along with Luntz and the rest of the senior management team have presided over a period of strategic repositioning and growth.
It also emerged that Church is heading to security and data investment firm C5 Capital to take up a post as executive in residence.
Church will be helping the year-old finance firm identify investment targets once he takes up his post on 1 September.
"C5 launched last year with the objective of exclusively focusing on the fast growth data and security sector and is the only fund of its nature in Europe. I look forward to working with C5’s partners and identifying other European businesses in this sector with the potential and ambition to take advantage of a strong growing market,” he said.
“These are exciting times for NTT Com Security. We have witnessed an unprecedented increase in cyber-attacks with organisations of all sizes in every sector now having to consider their IT security and information risk management exposure. The company is in an excellent position to continue to develop and launch its portfolio of global security, governance, risk and compliance solutions, offering consulting, managed services and the most appropriate technologies," he added.
Church has been a key player in developing the strategy at NTT Com, with the firm bolstering its managed services operations in the last 18 months and sealing partnerships with other resellers that could enable it to provide more of a wider solution to customers.
“We would like to thank Simon and Heiner for their outstanding achievements in driving NTT Com Security’s global development and growth, particularly their roles in establishing the company as one of the key players in global information security and risk management," said Luc Loos, chairman of NTT Com Security AG’s Supervisory Board.
"Their commitment to the company, their teams, their partners and their customers, plus their understanding of an increasingly attractive market opportunity has enabled us to increase revenue from €166m in CY2009 to an expected approximate revenue of €300m plus in FY2015/16 and establish ourselves as a trusted advisor," he added.
Both Brandenburg and Naughalty have been with NTT Com for several years and understand the company making it an easier transition to the new leadership over the summer.