CyanConnode Holdings plc announced the appointment of Christopher Jones and Peter Tyler to the Board of the company as Non-executive Directors with Effective, March 19, 2019. Harry Berry will be stepping down from the Board with effect from March 31, 2019 and from the role of Chief Operating Officer (COO) at the next Annual General Meeting in June 2019. He will provide ad hoc consultancy services to the company for a 12-month period from July 2019.

Paul Ratcliff will be stepping down as Non-executive Director with effect from the next Annual General Meeting and company announced the promotion of Heather Peacock to Chief Financial Officer of the company (Heather remains on the board). The company announced the promotion of Anil Daulani to Chief Executive Officer & Managing Director of India while continuing on the Board of the Indian subsidiary and the promotion of Allan Baig (currently Head of Engineering) to Vice President Engineering & Operations. Chris Jones joins CyanConnode from Arm Limited where his most recent role was Vice President of Commercial Operations for its IoT Service Group overseeing product Licensing and SaaS business models, at its Cambridge, UK headquarters.

Peter Tyler is a fellow of the Chartered Institute of Certified Accountants. He has held a number of roles in finance, mainly in the pharmaceutical sector, and is well versed in growing businesses and creating shareholder value. Peter has also been involved in a number of charities where his role has been building them up, putting in place structures, processes and teams and funding to satisfy the demands of the programmes.

Peter will be Chairman of the Audit Committee and be a member of the Remuneration Committee. Harry took on the COO role with the aim of completing a few critical objectives over 2-year period. Heather Peacock was appointed to the Board in July 2018 and has been promoted to Chief Financial Officer.

In addition to overall responsibility for the functions of Group Finance and Company Secretarial, she will oversee the functions of HR, IT and admin. The company is also pleased to announce that instead of replacing the COO position, Allan Baig, who has worked closely with Harry over the last 18 months, will be promoted to Vice President Engineering & Operations effective March 19, 2019. Allan joined CyanConnode in June 2017 from Landis + Gyr, and has run the engineering function at CyanConnode since then, overseeing the development of Omnimesh and managing the knowledge transfer from Sweden to the UK allowing for the closure of the Swedish office.