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Bromium Appoints Kevin Mosher as Chief Revenue Officer

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Bromium Appoints Kevin Mosher as Chief Revenue Officer

Industry veteran to orchestrate rapid growth and customer success, while expanding revenue opportunities for partners in the burgeoning Application Isolation and Containment security market 

Bromium®, Inc., the pioneer and leader in application isolation and containment that stops advanced malware attacks, today announced that Kevin Mosher has joined the company as Chief Revenue Officer.

With more than 25 years of technology, sales, and leadership experience, Mosher will oversee all revenue generation processes, and lead Bromium’s global field operations and go-to-market efforts to help ensure growth and customer success.

Mosher has an outstanding performance record, running sales organizations that consistently meet or exceed quarterly sales targets, and delivering significant growth. His proven management and sales practices have resulted in explosive revenues, M&A and IPOs in multiple companies, both large and small.

“I’m delighted to have Kevin join the Bromium team. His leadership and experience are a tremendous asset,” said Gregory Webb, CEO of Bromium. “After completing extensive due diligence on our market opportunity and product maturity, Kevin joins at a time when Bromium is poised for rapid growth with a differentiated, market-leading solution. Along with his network of trusted CIO, CISO, sales, and partner relationships, Kevin’s expertise running high-performing field and channel organizations makes him the ideal leader for increased customer time to value and growth.”

Prior to joining Bromium, Kevin was SVP of Worldwide Sales at cyber security start-up ArcSight, where he oversaw revenue growth from $4M to $700M in seven years. He was also instrumental in helping take the company public in 2008. Mosher then led Global Sales at data security company Delphix, where over a period of three years he significantly grew revenues, increased deal size, and expanded the company’s market share. Mosher also held leadership roles at Oracle, Portal Software, and Accel Partners, a venture capital firm.

Mosher joined Bromium because he believes it its unique value proposition for improved security via isolation and an unfulfilled customer need. “Current threats to both commercial and government organizations from untrusted email attachments, phishing links, and malicious downloads continue to bypass layered defenses,” Mosher comments. “The immediate security benefits from Bromium’s secure and self-remediating containers with real-time threat intelligence are compelling. Bromium doesn’t rely on detection, it simply protects via hardware-enforced isolation. I’ve been monitoring the endpoint security space for years and watched as Bromium consistently innovated; and there simply aren’t other solutions that can do what they do to resolve these persistent enterprise problems.”

Bromium offers its customers and partners true differentiation in a security market that is flooded with detection-only based products. Mosher added: “Bromium has the potential to change an organization’s entire security strategy with turnkey solutions that solve critical business pain points. That’s why customers are excited about the new protection-first approach via isolation, and why there’s a huge opportunity for the partner community. Bromium is easy to deploy, which means that partners can quickly demonstrate the value of containment to their customers, offering huge growth opportunities and rapid time-to-value.”

Bromium Secure Platform delivers unparalleled threat prevention via hardware-enforced containerization and application control, helping businesses isolate threats, prevent breaches, and gather threat intelligence. Proven in the military and among the world’s more security-conscious organizations, Bromium Secure Platform has traditionally targeted large enterprise and government markets. Bromium has recently developed a series of turnkey capabilities that provide organizations and channel partners with easy-to-deploy solutions that address the most common attack vectors and risky user behaviors. The initial three solutions provide Email Attachment Protection, Spear Phishing Protection, and Malicious Download Protection.

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Stellantis sees rebound in 2021, but chip shortage a worry

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Stellantis sees rebound in 2021, but chip shortage a worry 1

By Giulio Piovaccari, Gilles Guillaume and Nick Carey

MILAN (Reuters) – Low global car inventories and cost cuts should boost Stellantis’s profit margins this year, though a shortage of semiconductors and investments in electric vehicles could weigh on results, the newly-formed automaker said on Wednesday.

The forecast came as Stellantis, created by the January merger of Peugeot-maker PSA and Fiat Chrysler (FCA), reported better-than-expected results for 2020 that sent its shares up around 3% in morning trading.

“Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies (from the merger),” Chief Executive Carlos Tavares said in a statement.

Stellantis is the world’s fourth largest carmaker, with 14 brands including Fiat, Peugeot, Opel, Jeep, Ram and Maserati.

It said 2021 results should be helped by three new high-margin Jeep vehicles in North America and a strong pricing environment there. The U.S. market has driven profits for years at FCA and starts off as the strongest part of Stellantis.

The group’s guidance assumes no more significant lockdowns caused by the global COVID-19 pandemic, which shuttered auto plants around the world last spring.

Stellantis should also get a lift as its starts to implement a plan aimed at delivering over 5 billion euros a year in savings, without closing any plants. Tavares has also pledged not to cut jobs.

But a pandemic-related global shortage of semiconductors, used for everything from maximising engine fuel economy to driver-assistance features, could hurt business.

Auto industry executives have said the shortage should ease by the second half of 2021.

Stellantis said its “electrification offensive” could also weigh on results this year. Automakers are racing to develop electric vehicles to meet tighter CO2 emissions targets in Europe and this week Volvo joined a growing number of carmakers aiming for a fully-electric line-up by 2030.

Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans at top rivals such as Volkswagen and Renault-Nissan, although Stellantis has further to go to meet that goal.

The carmaker is targeting an adjusted operating profit margin of 5.5%-7.5% this year.

That compares with a 5.3% aggregated margin last year: 4.3% at FCA and 7.1% at PSA excluding a controlling stake in parts maker Faurecia, which is set to be spun-off from Stellantis shortly.

Tavares achieved an improvement in margins at PSA by cutting costs, simplifying its vehicle line-up and delivering synergies on its purchase of Opel/Vauxhall, a model investors hope he can replicate at Stellantis.

Combined adjusted earnings before interest and tax (EBIT) amounted to 7.1 billion euros ($8.6 billion) last year.

At the end of 2020, combined liquidity stood at 57.4 billion euros and free cash flow at 3.3 billion euros.

A Milan-based trader said the earnings and cash flow were both “well above” expectations.

Stellantis proposed to distribute a 1 billion euro dividend to its shareholders.

It is planning a capital markets day for late 2021 or early 2022.

($1 = 0.8277 euros)

(Reporting by Giulio Piovaccari, Nick Carey and Gilles Guillaume. Additional reporting by Giancarlo Navach. Editing by Mark Potter)

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UK’s DS Smith gains from orders packed and shipped in online boom

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UK's DS Smith gains from orders packed and shipped in online boom 2

By Pushkala Aripaka

(Reuters) – DS Smith expects demand for its paper and fibre-based packaging supplies to continue growing in 2021, fuelled by a pandemic-drive boom in online shopping that will help the British firm deliver annual results in line with expectations.

The cardboard maker, which counts e-commerce firms and consumer packaged goods companies as major customers, is benefiting from heavy spending on packaging materials to ensure items are delivered safely.

Chief Executive Miles Roberts said the COVID-19 crisis had accelerated growth in e-commerce and demand for sustainable products, as consumers stuck at home turned to the internet for everything from daily needs to clothing.

“We are very strongly positioned to continue gaining from this momentum,” Roberts told Reuters, after DS Smith reported strong trading over the Christmas holiday period and saw signs of recovery in demand from industrial customers.

The FTSE-100 firm, whose shares were up about 2% in early trade, has been in the headlines after Bloomberg News reported that rival Mondi was considering making a takeover offer.

Roberts declined to comment on “what other companies may be doing” and said DS Smith’s board was “focused on maximising value for shareholders in whatever form that comes in.”

The company has seen a rise in costs as paper prices climbed but made up for that by charging customers more, it said.

DS Smith supplies products to companies such as Amazon, Nestle and Unilever.

Profit in the six months to October more than halved due to lower prices and weak industrial demand, but the company resumed paying a dividend to show confidence in its ability to ride out the crisis.

Roberts said DS Smith intended to continue paying shareholders on the back of an expected strong cashflow performance for fiscal 2020.

(Reporting by Pushkala Aripaka and Priyanshi Mandhan in Bengaluru; Editing by Anil D’Silva and Edmund Blair)

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Asia growth drives 4% rise in Prudential 2020 operating profit

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Asia growth drives 4% rise in Prudential 2020 operating profit 3

By Carolyn Cohn

LONDON (Reuters) – Prudential’s operating profit rose 4% in 2020, Britain’s largest insurer said on Wednesday, driven by strength in its main Asian business, as it prepares to split off its U.S. operations.

Overall adjusted operating profit from continuing operations came in at $5.5 billion, while Asia adjusted operating profit jumped 13% to $3.7 billion, the company said in a statement.

The life insurer said in January it would split off Jackson, its business in the United States, through a demerger and may raise $2.5-3 billion in new equity, following pressure from activist investor Third Point.

It said on Wednesday that it was making “good progress” on the separation.

Jackson’s operating profit fell 9% to $2.8 billion.

“The proposed demerger will complete Prudential’s structural shift from a diversified global group to a growth business focusing exclusively on the unmet health, financial protection and savings needs of people in Asia and Africa,” Chief Executive Mike Wells said.

Prudential said it would pay a second interim dividend of 10.73 cents per share, and a total dividend of 16.10 cents per share.

Prudential shares were up 0.9% at 14.98 pounds by 0853 GMT. Earlier in the session they hit a near two-year high of 15.10 pounds.

(Additional reporting by Muvija M in Bengaluru, editing by Huw Jones and Jane Merriman)

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