CyanConnode Holdings PLC has announced the appointment of Björn Lindblom as a Non-Executive Director, effective immediately. Lindblom, a seasoned entrepreneur with over 25 years of experience in technology companies, previously served as the Chief Executive of Connode AB before its acquisition by Cyan plc in 2016. He will take over as Chair of the Company's Remuneration Committee and join as a member of the Audit Committee. Additionally, Chris Jones, Non-Executive Director, will be stepping down from the Board on 31 January 2024 after a five-year tenure.
John Cronin, Executive Chairman of CyanConnode, expressed his anticipation of Lindblom's valuable insight and experience, given his understanding of the Company's business and growth strategy. Cronin also extended gratitude to Chris Jones for his contributions during the recent phase of growth. Björn Lindblom holds 912,377 shares in the Company and has been involved in various technology companies, including Allgon AB, listed on NASDAQ First North.
The announcement also disclosed Lindblom's past directorships and partnerships, including his involvement in companies such as Luvly AB and B Lindblom AB. It was noted that Lindblom was a director of Simplex Förvaltning AB and its subsidiary Rör & VVS Center i Sollentuna AB when they were placed into administration, with Rör's administration proceedings resulting in a total shortfall to creditors of SEK 8,232,450.
The Company provided contact information for inquiries related to the announcement, including details for CyanConnode Holdings plc, Strand Hanson Limited, and Zeus Capital Limited. No further information was disclosed in relation to Björn Lindblom's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.