REG - CyanConnode Holdings - Directorate Change

Cyanconnode HoldingsAnnouncement

09/05/2025 07:00

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RNS Number : 9778H  CyanConnode Holdings PLC  09 May 2025

 

09 May 2025

 

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

Separation of Chairman and CEO Roles

 

CyanConnode Holdings plc (AIM: CYAN), a global provider of IoT communication
and smart metering solutions, is pleased to announce that Björn Lindblom,
current independent Non-Executive Director, is to take up the role of
Non-Executive Chairman and that John Cronin will transition from Executive
Chairman to Group Chief Executive Officer (CEO). These changes are effective
immediately.

 

Björn, who joined the Board in January 2024, will continue as Chair of the
Remuneration Committee and as a member of the Audit and Nominations
Committees.  Previously, he was CEO of Connode AB until its acquisition by
Cyan plc in 2016, which led to the formation of CyanConnode.

He is a successful serial entrepreneur with a strong corporate background in
the communications industry with experience at companies including Ericsson
and MCI WorldCom. Over the past 20 years, he has founded and scaled several
IoT companies and was a pioneer of radio-based smart metering in the Nordic
markets.

He has served as CEO, Chairman, and Board member of various technology
companies, including Allgon AB, a Swedish industrial radio control company
formerly listed on Nasdaq First North.  He is currently Co-Founder and
Chairman of Luvly AB, a company developing and marketing sustainable electric
vehicles.

Commenting, Björn Lindblom, Chairman, said:

"The business is entering a transformational phase and anticipates substantial
growth in the coming years. Now is the right time to strengthen governance and
enhance Board independence."

John Cronin, Group CEO, said:

"We are delighted that Björn is taking up his new role as independent
Non-Executive Chairman. His deep industry experience and long-standing
knowledge of the Company will be invaluable as we move forward. This decision
also enables me to focus fully on driving the operational development of the
business."

- Ends -

 

Enquiries:

CyanConnode Holdings plc
                                  Tel: +44 (0) 1223 865 750

John Cronin, Executive Chairman
                              www.cyanconnode.com

Strand Hanson Limited (Nominated and Financial Adviser)
 Tel: +44 (0) 20 7409 3494

James Harris, Richard Johnson, David
Asquith
 

 

Zeus Capital Limited (Joint
Broker)                                                         Tel:
+44 (0) 20 3829 5000

Simon Johnson, Louisa Waddell

 

Panmure Liberum (Joint
Broker)
Tel: +44 (0) 20 7886 2500

Rupert Dearden / James Sinclair-Ford

 

Novella (Financial PR)
 
Tel: +44 (0) 20 3151 7008

Tim Robertson / Safia Colebrook

 

About CyanConnode

CyanConnode (AIM:CYAN.L), is a global provider of IoT communication and smart
metering solutions. Its comprehensive technology portfolio includes narrowband
RF mesh, advanced cellular modules, and hybrid communication platforms,
delivering scalable and cost-effective connectivity for smart energy and
infrastructure applications.

The Company's flagship Omnimesh platform offers highly reliable, self-forming
and self-healing networks, optimised for deployment across diverse geographic
and environmental conditions. Complemented by innovations such as long-range
RF, in-meter gateways, and AI-enhanced cellular connectivity, CyanConnode
provides flexible solutions tailored to evolving utility needs.

CyanConnode's Universal Head-End System (UHES) enables seamless integration
across multiple communication technologies, enhancing interoperability and
simplifying network management at scale.

As a trusted AMISP and OEM partner, CyanConnode works with utilities, system
integrators, and meter manufacturers through a global, vendor-agnostic
ecosystem. The Company is playing a central role in the digital transformation
of the energy sector, with projects spanning India, Southeast Asia, the Middle
East, and Europe.

 

For more information, please visit www.cyanconnode.com
(http://www.cyanconnode.com/)

 

 

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