Cyan Holdings Plc Death of former Executive (1210H)
July 06 2012 - 7:27AM
UK Regulatory
TIDMCYAN
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 Tel: +44 (0) 1954 234 400
John Cronin, Chairman
www.cyantechnology.com
-------------------------------------- -------------------------
Cenkos Securities plc Tel: +44 (0)20 7397 8900
NOMAD and Joint Broker
Stephen Keys / Adrian Hargrave
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XCAP Securities plc Tel: +44 (0)20 7101 7070
Joint Broker
Jon Belliss / Adrian Kirk
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Newgate Threadneedle Tel: +44 (0)20 7653 9850
Financial PR
Caroline Evans- Jones / Guy McDougall
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This information is provided by RNS
The company news service from the London Stock Exchange
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