Webdisclosure.com

Search

CYAN AG cyan AG: Frank von Seth becomes new chairman of the board

Directive transparence : information réglementée

15/09/2020 08:30

DGAP-Ad-hoc: cyan AG / Key word(s): Personnel
cyan AG: Frank von Seth becomes new chairman of the board

15-Sep-2020 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


cyan AG: Frank von Seth becomes new chairman of the board

Munich, September 15, 2020 - The Supervisory Board of cyan AG today appointed Frank von Seth (50) as the company's new Chief Executive Officer (CEO) with effect from January 1, 2021 for a period of 3 years. Frank von Seth has decades of sales and management experience with multinational companies such as AON or Euler Hermes and succeeds Peter Arnoth, who has been CEO for many years and whose contract expires on December 31, 2020 and who did not extend it at his own request. Mr. Arnoth will remain associated with the company in an advisory capacity. The contracts of the Management Board members Markus Cserna (CTO) and Michael Sieghart (CFO) were also extended until the end of 2022. Furthermore, there is a change in the company's Supervisory Board. The long-standing member Volker Rofalski has resigned from office for personal reasons with effect from December 31, 2020. For the vacant position, the Supervisory Board will propose the largest single shareholder of cyan AG, Alexander Schütz, as his successor.

About cyan:

cyan AG (XETR: CYR) is a leading, globally active provider of intelligent IT security solutions and telecom services with more than 15 years of experience in the IT industry. The main business areas of the company are cybersecurity solutions for end customers of mobile and fixed network internet service providers (MNO), virtual mobile network operators (MVNO) as well as banks and insurance companies. cyan's solutions are integrated into the business partner's infrastructure and then offered to their end customers ("B2B2C") under their name ("white-labeled").

Today, the group of companies has more than 50 international customers, through which cyan prod-ucts are sold to approximately 50 million end customers. cyan can offer products along the entire value chain from platform, data optimization to cyber security. In addition, cyan operates its own Research & Development Centre with the aim of identifying trends in the industry at an early stage and developing optimal product solutions. In December 2018, cyan was able to win a global group contract with Orange in an international tendering process. cyan's cooperation partners include the world's leading insurance broker Aon or Magenta Telekom.

 

Further information is available at www.cyansecurity.com.

Investor Contact:

Florian Rukover, Head of IR

cyan AG

florian.rukover@cyansecurity.com

 

Press Contact:

Anita Schneider

Better Orange IR & HV AG

anita.schneider@better-orange.de


15-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: cyan AG
Theatinerstraße 11
80333 Munich
Germany
Internet: www.cyansecurity.com
ISIN: DE000A2E4SV8
WKN: A2E4SV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1131511

 
End of Announcement DGAP News Service

1131511  15-Sep-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1131511&application_name=news&site_id=symex