Cyan Holdings Plc lighting control and M2M applications, announced the appointment of Simon Smith as Chief Financial Officer and other management changes. Over the past few months, John Cronin has met with Cyan's significant customers and strategic partners in key countries. Given the increased visibility of the commercial opportunity, John has taken the decision to appoint a full time Chief Financial Officer, to assist him in his role as Executive Chairman, in addition to strengthening the operational management team.

With effect from 1 October 2013, Simon Smith will move from his current position as Non-Executive Director to an Executive Director role as Chief Financial Officer, which will also include him focusing on investor relations, identifying suitable acquisition targets and creating value for shareholders of the Company. Having recently qualified as a Company Secretary through ICSA, Heather Peacock will be appointed to the role of Company Secretary from 1 October 2013, in addition to her existing role of Financial Controller, with responsibility for the corporate governance of the Company. In addition to the executive roles mentioned above, Cyan has recently taken the opportunity to strengthen its Board with the appointment of Stephen Newton as Non-Executive Director and is seeking to add an additional Non-Executive to the Board before the end of the year.

Cyan has also strengthened its executive management team with the appointment of Stephen Page as Chief Operating Officer (non-Board) responsible for product development and operations. Stephen has successfully managed the development of CyLec and CyLux products in recent years. In addition, Dr. Sean Cochrane has been appointed Product Director (non-Board) and will be responsible for refining the Company's product roadmap and ensuring customer requirements are defined and captured.