cyan AG: Changes in the Supervisory Board and Executive Board

cyan AG: Changes in the Supervisory Board and Executive Board

Munich, April 3, 2023 - cyan AG announces that Markus Messerer has been appointed to the Supervisory Board of cyan AG. He fills the position of Alexandra Reich, who is stepping down from the cyan AG Supervisory Board for private reasons. The appointment was made by the Munich District Court on March 31, 2023.

Furthermore, cyan AG announces that Frank von Seth, CEO of cyan AG, will not extend his management contract at his own request. His contract will therefore expire at the end of the year. The Supervisory Board has already initiated a structured selection process for the succession.

Frank von Seth, CEO of cyan AG explained: "cyan has very great potential. In recent years, we have done a lot to tap this potential, especially through the realignment including branding. I am convinced of cyan's mission of secure connectivity and will support the orderly handover."

"I thank Alexandra Reich and Frank von Seth for the productive collaboration. Together, we have successfully led cyan AG through a challenging environment over the past years. Frank von Seth took over cyan AG in a very critical phase and initiated the restructuring process and, in particular, set the course for future growth by realigning the company," said Stefan Schütze, Chairman of the Supervisory Board of cyan AG. "With Markus Messerer, we have gained a commercial ICT professional for the Supervisory Board who, with his know-how and network, represents an absolute enrichment for the board."

Markus Messerer (41) is Chief Strategy & Commercial Officer at Telia Company AB, the leading technology, media and telecommunications group in the Nordic and Baltic countries; he is also a member of the Board of Directors of Telia Group companies TV4 AB and MTV Oy. He has 20 years of experience in the telecom and technology sector. Among others, he was CEO of Alltron AG, Head of Corporate Strategy at Swisscom AG, Head of Strategy at Telekom Austria AG and before that he worked at Accenture. He holds a PhD in International Management and an Executive MBA and is a CFA charterholder.

About cyan

cyan AG (XETR: CYR) is a leading, globally active provider of intelligent cyber security solutions and platforms (BSS/OSS) for telecom companies with more than 15 years of experience in the IT industry. The company's main business areas are IT security solutions for end customers of mobile and fixed network internet providers (MNO, ISP), mobile virtual network operators (MVNO) and financial service providers. The solutions provided by cyan are integrated as white label products into the infrastructure of the business partners, who then offer them to their end customers in a B2B2C model, under their own brand.

Today the group has numerous international customers, through which cyan’s products are distributed to end customers. In the process cyan can offer a range of solutions along the entire value chain from platform, data optimization to cybersecurity. In addition, cyan operates its own research & development center with the aim of identifying industry trends at an early stage and developing optimal product solutions. Besides Orange, cyan's customers include among others Claro Chile (América Móvil Group), dtac (Telenor Group) as well as the telecom group Magenta (T-Mobile). Further information is available at www.cyansecurity.com.

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