A Darktrace spokesman confirmed the search for a successor to Mr Webb, saying:"Last year at the age of 72, Rob informed the board of his intention to retire, having served as chairman sine 2014.
Bankers also questioned their ability to participate in the IPO process because Sushovan Hussain, the former Autonomy finance chief and a Darktrace shareholder, was sentenced to five years in a US prison for fraud in May 2019. Darktrace has established itself as an international leader in the provision of artificial intelligence cybersecurity services.
It said last year that it had passed $1bn in"cumulative bookings", suggesting that its order-book has been substantially boosted by the coronavirus-inspired switch to remote working for millions of employees of multinational companies.
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