Lydian International Ltd. announced that Dr. Tim Coughlin will step down as the company's President and Chief Executive Officer on December 31, 2013, or when his successor is appointed. Following his transition from his role as President and Chief Executive Officer, Dr. Coughlin will continue to serve as a director of the company in a non-executive capacity. As part of its leadership transition plan, the company's board of directors has now initiated a search for a new Chief Executive Officer.