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