CyanConnode Holdings PLC Appointment of MD and CEO CyanConnode India (1850H)
December 02 2020 - 2:00AM
UK Regulatory
TIDMCYAN
RNS Number : 1850H
CyanConnode Holdings PLC
02 December 2020
2 December 2020
CyanConnode Holdings plc
("CyanConnode" or the "Company")
Appointment of Managing Director and Chief Executive Officer
CyanConnode India
CyanConnode Holdings plc (AIM: CYAN), a world leader in
Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to
announce that it has appointed Ajoy Rajani as Managing Director and
Chief Executive Officer of CyanConnode India. Anil Daulani will
step down with immediate effect.
Ajoy Rajani is a highly experienced and well-regarded business
leader within the Indian Power Sector and also has a wealth of
expertise in the Telecoms and IT Sectors. He has held various
senior positions with Reliance Communications and Reliance Energy
for the last sixteen years, with Ajoy also having held the position
of Senior Executive Vice President of Adani Energy Mumbai, where he
has driven technological innovation to increase revenues to circa
USD 100m.
John Cronin, Executive Chairman of CyanConnode, commented :
"We are delighted that Ajoy Rajani has joined CyanConnode as
Managing Director and Chief Executive Officer of India. Ajoy has
significant experience with a strong track record of growing and
improving technology based businesses within the Indian Power
Sector. I look forward to working with Ajoy to continue the growth
and development of our business.
"The Board would also like to thank Anil Daulani for his hard
work in growing CyanConnode India during an important period and we
wish him every success with his new venture."
Ajoy Rajani, Managing Director and Chief Executive Officer of
CyanConnode India, commented:
"CyanConnode India is an exciting business which has a strong
customer base with a proven and robust suite of products. I am
delighted to have the opportunity to work with the team and lead
CyanConnode India into the next stage of its strategic
development."
- Ends -
Enquiries:
CyanConnode Holdings plc Tel: +44 (0) 1223 225 060
John Cronin, Executive Chairman www.cyanconnode.com
Yellow Jersey PR (Financial PR) Tel: +44 (0) 20 3004 9512
Sarah Hollins/ Annabel Atkins cyanconnode@yellowjerseypr.com
Arden Partners plc (Joint Broker) Tel: +44 (0) 20 7614 5900
Paul Shackleton / Dan Gee-Summons (Corporate Finance)
Simon Johnson (Corporate Broking)
About CyanConnode
CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio
Frequency (RF) Smart Mesh Networks, which are used for machine to
machine (M2M) communication. As well as being self-forming and
self-healing, CyanConnode's RF Smart Mesh Networks are designed for
rapid deployment, whilst giving exceptional performance and
competitive total cost of ownership.
In June 2018, CyanConnode launched its award-winning Omnimesh
Advanced Metering Infrastructure (AMI) platform, which has already
gained considerable commercial traction, especially in India which
is a key market for the Company.
Through a Global partner eco-system, which is vendor agnostic,
CyanConnode has several routes to market, therefore it is well
positioned to capitalise upon increasing Global demand for smart
metering solutions.
For more information, please visit www.cyanconnode.com
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END
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