The Supervisory Board of cyan AG today appointed Frank von Seth (50) as the company’s new Chief Executive Officer (CEO) with effect from January 1, 2021 for a period of 3 years.
Frank von Seth has decades of sales and management experience with multinational companies such as AON or Euler Hermes and succeeds Peter Arnoth, who has been CEO for many years and whose contract expires on December 31, 2020 and who did not extend it at his own request. Mr. Arnoth will remain associated with the company in an advisory capacity.
”Since I joined cyan in 2011, we have achieved a lot. We have signed contracts with T-Mobile, Orange and AON, among others, and have successfully gone public. It is now time to pass the baton to my successor. With Frank von Seth, the Supervisory Board has gained an absolute expert. I have known Frank for many years, and I am absolutely convinced that he will take cyan to the next level with his international sales and management experience.Peter ArnothCEO of cyan AG
The contracts of the Management Board members Markus Cserna (CTO) and Michael Sieghart (CFO) were also extended until the end of 2022. Furthermore, there is a change in the company’s Supervisory Board. The long-standing member Volker Rofalski has resigned from office for personal reasons with effect from December 31, 2020. For the vacant position, the Supervisory Board will propose the largest single shareholder of cyan AG, Alexander Schütz, as his successor.
cyan 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”).