3rd May 2007 07:02
Cyan Holdings Plc03 May 2007 Press Release 3 May 2007 Cyan Holdings plc ("Cyan" or "the Company") Appointment new CEO - further information Following the announcement of the appointment of Kenneth John Lamb on 11 April2007 and the AGM on 30 April 2007, Cyan Holdings Plc (AIM:CYAN.L), the fablesssemiconductor company specialising in the development of low power consumption,configurable microcontroller chips, are pleased to give the following details ofKenn and the past experience that he brings to Cyan. Kenn is an Electronic Engineering graduate of London's Imperial College when hegained a 1st Class Honours degree in 1981. Up until July 2006 Kenn was theChief Executive Officer of Elixent Ltd a technology spin out of HP Labs. Heguided the company from formation through multiple funding rounds and then ledthe negotiations that resulted in sale of the business to Matsushita. Kenn joined Elixent from ARC International where he was Senior VP Sales. Hesuccessfully restructured the international sales team and was a member of theexecutive team that successfully floated ARC International on the London StockExchange in 2000 with a market capitalization of £500m. Prior to ARC, Kenn held a number of senior positions in semi-conductor companiesincluding European General Manager of Comdisco Systems Inc/ Alta Group CadenceDesign Systems Inc, European General Manager Actel Europe Ltd and ManagingDirector Pentica Systems. Kenn brings to Cyan over 10 years experience of running engineering teams, whichmeans he has an understanding of Cyan's technology what it costs, how long theytake to develop, the people skills and experience required. His experience ofrunning international sales organisations including both direct and distributionselling ASICs, components, software, IP and development tools means that Kennunderstands from direct experience the sales and marketing requirements for Cyanto be successful. Finally after over 10 years of running companies and with extensive experienceof fund raising, the M&A process and flotation, Kenn has the hands on experienceto manage and scale Cyan. Current Directorships Cyan Holdings plc Cyan Technology ltd NxCetera Ltd The Wildscreen Trust Directorships Held in Last 5 years Elixent Holdings Ltd Elixent Ltd Elixent Trustees Ltd Other Interests Kenn has served for several years as a Wildscreen Trustee Other Disclosable Information Pentica Systems ltd CVA 1999 - Ends - For further information: Cyan Holdings plc Kenn Lamb, Chief Executive Officer Tel: +44 (0) 1954 234 400 www.cyantechnology.com Collins Stewart Limited Simon Atkinson, Corporate Finance Tel: +44 (0) 20 7523 8350 www.collins-stewart.com Media enquiries: Abchurch Communications Heather Salmond/Franziska Boehnke Tel: +44 (0) 20 7398 7700 [email protected] www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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