Business
Board Changes
Board Changes.
About this update from Cyanconnode Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5010K Cyan Holdings Plc 31 December 2015 \n\n \nCyan Holdings plc(\"Cyan\" or the \"Company\")\n \nBoard Changes\n \nCyan (AIM:CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, announces that Paul Ratcliff has been appointed to the Board as a non-executive director to the Company with effect from 01 January 2016.\n \nPaul is a multi-disciplined, entrepreneur with a wealth of practical experience in growing companies' values. He is well versed in creating shareholder value and growing businesses and has been involved in a number of corporate transactions resulting in premium returns for investors. At present, Paul holds non-executive positions for a number of companies operating in a range of sectors including IT, managed services and software. With strong analytical skills, Paul started his career working in various marketing and product development roles in large corporates before becoming a senior consultant for Coopers & Lybrand, within its London-based business information management practice.\n \nThe Board also announces that on 01 January 2016 Peter Mainz will be appointed to Itron's Board which requires him to stand down from his non-executive director role at Cyan, effective 31 December 2015, due to his fiduciary responsibilities and the US Securities and Exchange Commission rules. Peter will remain a senior advisor and shareholder and continues to be highly supportive of the Company.\n \nJohn Cronin, Executive Chairman of Cyan, commented: \"We are delighted to welcome Paul to the Board. Paul's wealth of experience, across a number of disciplines, will provide additional complementary skills to the Cyan Board as the business continues to build momentum.\n \n\"We are pleased that Peter will remain part of Cyan and help the Company to build on a growing number of opportunities. Peter's industry knowledge and experience will remain invaluable as we continue to grow the business.\"\n \nPaul Ratcliff commented: \"Cyan has made significant progress in 2015 with substantial orders, including recurring revenue derived from Cyan's software and managed services. I am delighted to be joining the Board at this time and look forward to using my experience to continue...