Death of former Executive

RNS Number : 1210H

Cyan Holdings Plc

06 July 2012

 



Cyan Holdings plc

("Cyan" or the "Company")

Kenn Lamb, former Chief Executive Officer

Cyan Holdings plc (AIM:CYAN.L), deeply regrets to inform shareholders of the death of Kenn Lamb, who served the Company as Chief Executive from 2007 until 2011. He passed away peacefully at home, having bravely battled a long illness.

Kenn was instrumental in transitioning Cyan from a narrowly focused microchip controller manufacturer, to where it is today as a system supplier offering an integrated suite of software and hardware products for some of the fastest growing markets in the world.

He was at the helm during a testing period, given the onset of the global economic crisis, and it is testament to his abilities that he successfully guided the Company through these difficult times, when so many other businesses did not survive. Moreover, during this period the Company was strategically positioned in its target growth markets of China and India, with many key relationships built and secured.

Whilst his illness and subsequent retirement from the post of Chief Executive meant his involvement decreased significantly over the last 10 months, his experience and wisdom was keenly appreciated in discussions with the board and senior management.

John Read, Non-Executive Director said:

"I had the great pleasure of working alongside Kenn, in my time as Chairman of Cyan. He was an extremely impressive professional, a real gentleman and a good friend. We enjoyed working together and I shall miss him both professionally and personally. We offer our condolences to his family and our thoughts are with them at this sad time."

Enquiries:

Cyan Holdings plc John Cronin, Chairman www.cyantechnology.com	Tel: [phone]
Cenkos Securities plc NOMAD and Joint Broker Stephen Keys / Adrian Hargrave	Tel: [phone]
XCAP Securities plc Joint Broker Jon Belliss / Adrian Kirk	Tel: [phone]
Newgate Threadneedle Financial PR Caroline Evans- Jones / Guy McDougall	Tel: [phone]

 

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