REG - Cirata PLC - Chair appointment

CirataAnnouncement

15/02/2024 07:00

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RNS Number : 1938D  Cirata PLC  15 February 2024

15 February 2024

Cirata plc

("Cirata" or the "Company")

Chair appointment

Cirata plc (LSE: CRTA), is pleased to announce that after due process, Ken
Lever has been appointed as Chair and Non-Executive Director of the Board of
Directors (the "Board") effective immediately.

 

Ken has served as Interim Chair and Non-Executive Director since 17 March
2023 1 . He was initially appointed as Interim Chair to provide leadership and
direction to the Board during a period of great instability.

 

During his term as Interim Chair, Ken has overseen a restructure of the Board,
a transformation of the governance structures of the Company, a raise of vital
equity capital and the appointment of a world class executive team.

 

Commenting on the appointment, Peter Lees, Senior Independent Director said:

 

"The Board is delighted that Ken has accepted the role as Chair. Since the
early days of his Interim appointment, Ken's leadership qualities, tireless
work ethic and vision for the future of Cirata have helped rebuild the
foundations of the Company. This, combined with

his commercial track record and industry background, leaves us in no doubt
that this is the right appointment to lead the Company on its next phase of
growth".

 

Ken Lever, commenting on his appointment as Chair, said:

 

"I am pleased to accept the role as Chair of the Board. Since my Interim
appointment, everyone inside the Company has put in a huge amount of work to
turn around the business. Looking forward, the Board and executive team remain
focused on the next important phase of Cirata's recovery as we build for
growth in 2024 and beyond".

 

 

 

For further information, please contact:

 

 Cirata plc                              Via FTI Consulting
 Stephen Kelly, Chief Executive Officer
 Ijoma Maluza, Chief Financial Officer
 Daniel Hayes, Investor Relations

 FTI Consulting                          +44 (0)20 3727 1137
 Matt Dixon / Kwaku Aning / Usama Ali

 Stifel (Nomad and Joint Broker)         +44 (0)20 7710 7600
 Fred Walsh / Richard Short / Tom Marsh

 Liberum (Joint Broker)                  +44 (0)20 3100 2000
 Max Jones / Ben Cryer / Nikhil Varhese

 

About Cirata

 

Cirata accelerates data-driven revenue growth by automating data transfer and
integration to modern cloud analytics and AI platforms without downtime or
disruption. With Cirata, data leaders can leverage the power of AI and
analytics across their entire enterprise data estate to freely choose
analytics technologies, avoid vendor, platform, or cloud lock-in while making
AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of
products and technology solutions make strategic adoption of modern data
analytics efficient and automated. For more information about Cirata,
visit www.cirata.com (http://www.cirata.com)

 

 

 1  See RNS 7900T 22 March 2023 appointment of Interim Chair - Schedule 2 (g)
has been satisfied.

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