3rd Oct 2007 07:00
Cyan Holdings Plc03 October 2007 Press Release 3 October 2007 Cyan Holdings plc ("Cyan" or "the Company") Board Change Cyan Holdings Plc (AIM:CYAN.L), the fabless semiconductor company specialisingin the development of low power consumption, configurable microcontroller chips,announces that Professor Michael Hughes, non-executive Chairman, has resignedwith immediate effect from the Board of Cyan and as a director of the Company toconcentrate on his other directorships and other interests. Professor Hughes joined Cyan in July 2005 and played a lead role in successfullytaking the Company through the IPO process in November 2005. He has also ledthe strategic review in the latter half of 2006, culminating with theappointment of Kenn Lamb as new CEO in April 2007 followed with a successfulplacing of £5.3 million in July 2007. Dr John Read, non-executive Director, will take over the role of InterimChairman. John is a veteran of the semiconductor industry with a record ofdeveloping profitable high-tech semiconductor businesses and he will lead thestrengthening of the Board with future appointments. John commented: "The Board wishes to thank Mike for his invaluable contributionover the past years. Cyan has benefited from his industry knowledge and he wasinstrumental in the Company's strategic development. We wish him every successfor the future." - Ends - For further information:Cyan Holdings plcKenn Lamb, CEO Tel: +44 (0) 1954 234 400 www.cyantechnology.comCollins Stewart Europe LimitedChris Howard/Oliver Quarmby Tel: +44 (0) 20 7523 8350 Corporate Finance www.collins-stewart.com Media enquiries:Abchurch CommunicationsHeather Salmond/Franziska Boehnke Tel: +44 (0) 20 7398 [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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