CyanConnode names new chairman, CEO focuses on operations

LONDON - CyanConnode Holdings plc (AIM:CYAN), specializing in IoT communication and smart metering solutions, announced a reorganization of its leadership structure today. Björn Lindblom, previously an independent Non-Executive Director, has been appointed as Non-Executive Chairman, while John Cronin transitions from Executive Chairman to Group Chief Executive Officer (CEO).

Lindblom, who has been on the Board since January 2024, will retain his position as Chair of the Remuneration Committee and continue his membership in the Audit and Nominations Committees. His history includes a role as CEO of Connode AB before its acquisition by Cyan plc in 2016, which resulted in the creation of CyanConnode. Lindblom’s background as a serial entrepreneur and his expertise in the communications industry from his time at Ericsson (BS:ERICAs) and MCI WorldCom, as well as his involvement in founding IoT companies, position him as a seasoned leader for CyanConnode.

The company cites the separation of the Chairman and CEO roles as a strategic move to enhance governance and board independence, coinciding with a phase of anticipated substantial growth. Lindblom expressed optimism about the company’s future and the importance of the changes at this juncture.

Cronin, stepping into the Group CEO role, will now concentrate on the operational development of CyanConnode. His tenure as Executive Chairman provided him with in-depth knowledge of the company, which he believes will be beneficial in driving the company’s growth. Cronin welcomed Lindblom’s appointment, highlighting his deep industry experience and familiarity with the company as assets that will support CyanConnode’s progress.

The announcement indicates CyanConnode’s commitment to strengthening its leadership structure to support its anticipated expansion in the IoT and smart metering sectors. This change is effective immediately, as per the statement released by the company. The information is based on a press release statement.

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