DGAP-News

Board change at cyan: Frank von Seth succeeds CEO Peter Arnoth - Seite 2

There is another personnel change in the supervisory board: Volker Rofalski will leave the board at his own request on 31 December 2020. The Supervisory Board would like to thank Volker Rofalski for his commitment and support over the past three years. The Supervisory Board will propose Alexander Schütz, one of the largest investors in cyan AG, for the court appointment as a new member of the Supervisory Board. The founder and CEO of C-QUADRAT Investment AG has been a member of the Supervisory Board of Deutsche Bank AG since 2017. Stefan Schütze, Chairman of the Supervisory Board of cyan: "With Alexander Schütz, we are proposing a very successful and experienced entrepreneur for the Supervisory Board of cyan AG. The willingness to stand for election to the Supervisory Board also impressively documents the long-term interest of Alexander Schütz as an investor".

 

About cyan:

cyan AG (XETR: CYR) is a leading, globally active provider of intelligent IT security solutions and telecom services with more than 15 years of experience in the IT industry. The main business areas of the company are cybersecurity solutions for end customers of mobile and fixed network internet service providers (MNO), virtual mobile network operators (MVNO) as well as banks and insurance companies. cyan's solutions are integrated into the business partner's infrastructure and then offered to their end customers ("B2B2C") under their name ("white-labeled").

Today, the group of companies has more than 50 international customers, through which cyan prod-ucts are sold to approximately 50 million end customers. cyan can offer products along the entire value chain from platform, data optimization to cyber security. In addition, cyan operates its own Research & Development Centre with the aim of identifying trends in the industry at an early stage and developing optimal product solutions. In December 2018, cyan was able to win a global group contract with Orange in an international tendering process. cyan's cooperation partners include the world's leading insurance broker Aon or Magenta Telekom.