REG - CYKEL AI PLC - Board Changes

Cykel AIAnnouncement

02/09/2025 07:00

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RNS Number : 5538X  CYKEL AI PLC  02 September 2025

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
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02 September 2025
Cykel AI PLC

("Cykel AI" or the "Company")

Board Changes - Appointment of CEO, Chief AI Officer, and Interim Chairman

Cykel AI (LSE: CYK) a Main Market listed company which offers both an AI agent
platform that enables businesses to automate tasks through the use of
specialised digital workers for sales, recruitment and research as well as a
SOL treasury is pleased to announce the following Board changes.

CEO Appointment

The Company is pleased to announce the appointment of Michael Chan as Chief
Executive Officer with immediate effect and, subject to the completion of
customary due diligence by the Company's advisers, as an Executive Director.

Michael Chan is a seasoned legal and corporate finance executive with over 20
years of experience in M&A, corporate governance, and complex
international transactions across the disruptive technology, financial
services, telecommunications, healthcare, luxuries, and infrastructure
sectors.

He was recently General Counsel for one of the fastest-growing crypto
start-ups of 2024 and previously served as Managing Counsel and Global Head of
Corporate Legal at Binance. His broader career includes senior roles at VEON
and a Middle Eastern sovereign wealth fund, advising on significant M&A
and corporate finance transactions. Michael began his career at Lovells (now
Hogan Lovells) before joining a major US law firm in London and has extensive
experience advising listed company boards across multiple jurisdictions
including the UK; Western, Central and Eastern Europe; the Middle East;
Pakistan; and several African countries.

Chief AI Officer Transition

The Company further announces that Ewan Collinge, formerly Chief Executive
Officer, has transitioned to the role of Chief AI Officer with immediate
effect, focusing on AI product development and technical innovation. Ewan will
continue to serve in his capacity as a Director of the Company.

Chairman Changes

Jonathan Bixby has stepped down from the Board with immediate effect. Nick
Lyth, the Company's CFO, will assume the role of Chairman on an interim basis
pending the appointment of a Non-executive Chairman.

Board Commentary

Nick Lyth, Interim Chairman of Cykel AI, commented:

"I would like to sincerely thank Jonathan Bixby for his service and leadership
as Chairman of Cykel AI. Jonathan has played an important role in guiding the
Company through its formative stages, and we wish him the very best in his
future endeavours. I also welcome Michael Chan to the Company as CEO and look
forward to working closely with him as we continue to execute on our
strategy."

Michael Chan, CEO of Cykel AI, commented:

"I am honoured to join Cykel AI at such a pivotal stage in its journey. I look
forward to working with the current team to deliver long-term value for our
shareholders through strong execution, innovation, and disciplined corporate
governance across both our core AI business and our Solana treasury."

Regulatory Disclosures
The appointment of Michael Chan to the Board is subject to the completion of customary due diligence checks by the Company's advisers. A further announcement will be made in due course, including any disclosures required under UK Listing Rule 6.4.8, should they be applicable.

 

*ENDS*

 

For further information:

 

 

 

 Cykel AI PLC

 Nick Lyth                                    investors@cykel.ai (mailto:investors@cykel.ai)   

 Interim Chairman

 First Sentinel (Corporate Adviser)  

 Brian Stockbridge                            brian@first-sentinel.com (mailto:brian@first-sentinel.com)              +44 (0) 7858 888 007

                                                

 Fortified Securities (Broker)  
 Guy Wheatley                                                                                                         +44 (0) 7493 989014

 St Brides Partners Limited (Financial PR)
 Susie Geliher, Isabel de Salis                                                                                       +44 (0) 20 7236 1177

 

 

 

 

 

 

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