Shearwater announces departure of chief executive after close

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TalkTalk faces fine after security breaches, following mass cyber attacks.

Cyber security services provider Shearwater Group (LON: SWG) announced the departure of its chief executive and flagged poor results after the close of trading on Friday.

At 5.19pm, AIM-quoted Shearwater revealed that Michael Stevens “has agreed to step down from the board” and has left the company. He is being replaced by Phil Higgins, who joined the company when it bought Brookcourt Solutions last October. He founded Brookcourt in 2005.

Michael Stevens was appointed chief executive of th...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.