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Cyan Holdings Plc (CYAN)

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Friday 06 July, 2012

Cyan Holdings Plc

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: +44 (0) 1954 234 400

Cenkos Securities plc

NOMAD and Joint Broker

Stephen Keys / Adrian Hargrave

Tel: +44 (0)20 7397 8900

 

XCAP Securities plc

Joint Broker

Jon Belliss / Adrian Kirk

Tel: +44 (0)20 7101 7070

Newgate Threadneedle

Financial PR

Caroline Evans- Jones / Guy McDougall

Tel: +44 (0)20 7653 9850

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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