Cerillion said Chief Financial Officer Andrew Dickson will step down from the board and the finance role, with Greg Price set to join the company as his successor after a handover period.
Dickson will leave the board on 1 March 2026. Cerillion said he plans to pursue new opportunities. The company said he will remain during a transition with Price.
Price will take up the Chief Financial Officer role and join the board and the company by 1 May 2026. Cerillion said Price's appointment to the board remains subject to completion of regulatory due diligence by the company's nominated adviser.
Finance change
Cerillion supplies billing, charging and customer relationship management software. The company sells mainly to telecommunications customers. It also works with clients in utilities and financial services.
Cerillion said Dickson joined the business four years ago. The company linked his tenure with growth in revenues and adjusted EBITDA. Cerillion said revenues increased by almost 75% during that period and adjusted EBITDA rose by over 120%.
Louis Hall, Chief Executive Officer of Cerillion, gave a statement on the departure and the incoming appointment.
"On behalf of the Board, I would like to extend our sincere thanks to Andrew for the professionalism, dedication and commitment he has shown since joining the Company as CFO four years ago. He has been a valued member of the team over this time, as the Company's revenues increased by almost 75% and adjusted EBITDA rose by over 120%. He leaves with our very best wishes for the future," said Hall.
Hall also commented on the incoming Chief Financial Officer.
"We are pleased to welcome Greg Price to the Company. He has relevant experience of the technology sector and extensive financial and commercial experience. We expect a smooth handover when he joins and are confident that he will contribute strongly to the business," said Hall.
Incoming CFO
Cerillion said Price is 50 and an ACA. The company described him as an experienced finance leader with knowledge of the technology sector.
Price will join from essensys, which Cerillion described as a provider of software and technology for the flexible workspace industry. Cerillion said Price previously served as Chief Financial Officer at Checkit, which it described as a provider of intelligent operations management software.
Before those roles, Cerillion said Price worked as Chief Financial Officer at CargoLogic Air. Cerillion described the business as an all-cargo airline.
Cerillion also listed earlier senior finance positions held by Price at AA, Monarch Airlines and Diageo.
Business profile
Cerillion said it has a 26-year track record in billing, charging and customer relationship management software. The company said its software is used in mission-critical settings.
The business reported around 70 customer installations across around 45 countries. Cerillion is headquartered in London. It also has operations in India and Bulgaria. The company reported sales presence in Continental Europe, the USA, Singapore and Australia.
Cerillion said it was originally part of Logica before a management buyout led by Hall in 1999. The company joined AIM in March 2016.
Price is due to join Cerillion by 1 May 2026, subject to the nominated adviser's regulatory due diligence.