Cyan Holdings Plc announced that Paul Ratcliff has been appointed to the Board as a non-executive director to the company with effect from 1 January 2016. At present, Paul holds non-executive positions for a number of companies operating in a range of sectors including IT, managed services and software. The Board also announced that on 1 January 2016 Peter Mainz will be appointed to Itron's Board which requires him to stand down from his non-executive director role at Cyan, effective 31 December 2015, due to his fiduciary responsibilities and the US Securities and Exchange Commission rules.

Peter will remain a senior advisor and shareholder and continues to be highly supportive of the company.