RNS Number : 1938D
Cirata PLC
15 February 2024
 

15 February 2024

Cirata plc

("Cirata" or the "Company")

Chair appointment

Cirata plc (LSE: CRTA), is pleased to announce that after due process, Ken Lever has been appointed as Chair and Non-Executive Director of the Board of Directors (the "Board") effective immediately.

 

Ken has served as Interim Chair and Non-Executive Director since 17 March 2023[1]. He was initially appointed as Interim Chair to provide leadership and direction to the Board during a period of great instability.

 

During his term as Interim Chair, Ken has overseen a restructure of the Board, a transformation of the governance structures of the Company, a raise of vital equity capital and the appointment of a world class executive team.

 

Commenting on the appointment, Peter Lees, Senior Independent Director said:

 

"The Board is delighted that Ken has accepted the role as Chair. Since the early days of his Interim appointment, Ken's leadership qualities, tireless work ethic and vision for the future of Cirata have helped rebuild the foundations of the Company. This, combined with

his commercial track record and industry background, leaves us in no doubt that this is the right appointment to lead the Company on its next phase of growth".  

 

Ken Lever, commenting on his appointment as Chair, said:

 

"I am pleased to accept the role as Chair of the Board. Since my Interim appointment, everyone inside the Company has put in a huge amount of work to turn around the business. Looking forward, the Board and executive team remain focused on the next important phase of Cirata's recovery as we build for growth in 2024 and beyond".

 

 


 

For further information, please contact: 

 

Cirata plc

Via FTI Consulting

Stephen Kelly, Chief Executive Officer


Ijoma Maluza, Chief Financial Officer


Daniel Hayes, Investor Relations




FTI Consulting

+44 (0)20 3727 1137

Matt Dixon / Kwaku Aning / Usama Ali

 


Stifel (Nomad and Joint Broker)

+44 (0)20 7710 7600

Fred Walsh / Richard Short / Tom Marsh


 

Liberum (Joint Broker)

 

+44 (0)20 3100 2000

Max Jones / Ben Cryer / Nikhil Varhese


 

About Cirata

 

Cirata accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com

 

 



[1] See RNS 7900T 22 March 2023 appointment of Interim Chair - Schedule 2 (g) has been satisfied.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAGPUGCPUPCGBC