Cyan Holdings Plc (AIM:CYAN.L), the fabless semiconductor company specialising in the development of low power consumption, configurable microcontroller chips, announces that Dr. Paul Johnson, Founder, President and CTO, has resigned with immediate effect from the Board of Cyan and as a director of the Company.

Dr. Johnson founded Cyan in November 2002 and was CEO and CTO up to the recent reorganization and appointment of Kenn Lamb as CEO, at which time Paul moved into the position of President and CTO full-time.

Dr. John Read, interim Chairman, commented: "Paul's technical vision was invaluable in establishing the initial products for the Company and, in particular, in inventing and defining the Cyan IDE development environment to become what we believe to be one of the most user-friendly software development environments in the industry and is the subject of a patent application made in February 2004. The Board wishes Paul every success for the future."

 

For further information, please contact:

Cyan Holdings plc
John Read, Interim Chairman	Tel: +44 (0) 1954 234 400
	www.cyantechnology.com
Collins Stewart Europe Limited
Chris Howard / Oliver Quarmby	Tel: +44 (0) 20 7523 8350
Corporate Finance	www.collins-stewart.com

Media enquiries:

Abchurch Communications
Heather Salmond / Franziska Boehnke	Tel: +44 (0) 20 7398 7700
franziska.boehnke@abchurch-group.com	www.abchurch-group.com

Back to top

return to Investor News