CyanConnode appoints Björn Lindblom as Non-Executive Director, Chris Jones steps down

CyanConnode

CyanConnode Holdings plc (LON:CYAN), a world leader in narrowband radio frequency (RF) smart mesh networks, has announced the appointment of Mr Björn Lindblom to the board as a Non-Executive Director with immediate effect.

Björn is a serial entrepreneur with a strong managerial track record and over 25 years’ experience of starting and growing technology companies. He was previously Chief Executive of Connode AB prior to its acquisition by Cyan plc in 2016 to form CyanConnode and more recently, until 2021, has provided consultancy services to the Company. He has also served as Chairman and board member in several technology companies, including Allgon AB, listed on NASDAQ First North.

The Company also announces that Chris Jones, Non-Executive Director, will be stepping down from the Board on 31 January 2024. The Company would like to thank him for his contribution during his five-year tenure.

Björn will take over as Chair of the Company’s Remuneration Committee, and join as a member of the Audit Committee with immediate effect.

John Cronin, Executive Chairman, CyanConnode, commented:

“Björn has a longstanding and valuable understanding of the Company’s business and growth strategy. We look forward to welcoming him to the board of directors where we will be able to benefit from his experience and insight. I’d also like to thank Chris for his contribution during our recent phase of growth and for helping us get to this pivotal point. We wish him well for the future.”

Further information on Björn Lindblom’s appointment:

The following details in relation to the appointment of Björn Lindblom are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:

Björn Ingvar Edgar Lindblom (aged 57) has held the following directorships and/or partnerships in the past five years.

Current Directorships/PartnershipsPast Directorships/Partnerships (last five years)
Luvly ABAllgon AB
Björn Lindblom Konsultation AB
B Lindblom AB

Björn Lindblom holds 912,377 shares in the Company.

Björn Lindblom was a director of Simplex Förvaltning AB (“Simplex”) and its wholly owned subsidiary Rör & VVS Center i Sollentuna AB (“Rör”) when they were each voluntarily placed into administration on 29 September 2017. Simplex’ administration proceedings completed in October 2019 with, no shortfall to creditors, and Rör’s administration proceedings completed in June 2020 with a total shortfall to creditors of SEK 8,232,450.

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