25 September 2024
Cirata plc
("Cirata" or the
"Company")
Board
Change
Appointment of Interim
CFO
Cirata plc (LSE: CRTA) announces
that Ijoma Maluza has resigned as CFO and will step down from this
position at the end of the current financial year on 31 December
2024, in addition to resigning as a director of the Company with
immediate effect.
Mr. Maluza first joined Cirata in
April 2023 as a member of the turnaround management team tasked
with stabilizing the Company during a period of intense
challenge. As a part of that team, he has played a key role
in delivering against the Company's turnaround plan.
Mr. Maluza will depart Cirata to
take up the position of CFO within a private company.
Alongside this change, the Company is pleased to confirm the
immediate appointment of Ricardo Moura as Interim CFO who will join
Cirata on 30 September 2024. Between this date and year-end,
Mr. Moura and Mr. Maluza will work closely together to ensure a
smooth handover of responsibilities.
Mr. Moura is a seasoned financial
professional, with over 15 years of finance leadership experience
gained within international corporate environments spanning the UK,
Europe and the US. He has a strong track record in financial
management, turnarounds, performance improvement and reporting,
coupled with a clear commercial and technical understanding of
software business models and products.
Prior to joining Cirata, Mr. Moura
served between May 2020 and June 2024 as CFO for the UK division of
NYSE listed Optum: a software, technology and service
company. He has also served in senior finance and
transformation roles at ASTI Electronics (subsequently acquired by
ABB Ltd, listed at the NYSE:ABBNY) and at Hexagon AB: the Nasdaq
listed technology group.
A search to identify a permanent CFO
for the Company has commenced and updates will be provided as
appropriate.
Stephen Kelly, Chief Executive Officer at Cirata,
said:
"Ijoma joined the Company in a period of crisis and through
tremendous hard work he has made a significant contribution to
rescuing the Company and stabilizing the platform on which we are
now rebuilding Cirata for growth. On behalf of the entire Board, I
want to take this opportunity to thank him for those efforts and
for his partnership during a period of acute Company stress.
On a personal level, Ijoma has been a pleasure to work with during
troubled times.
"I
also want to take the opportunity to welcome Ricardo to Cirata who
will work with us to ensure the growth of our Company continues as
planned. He has a clear understanding of the software space
we inhabit and the opportunity ahead of us."
Ijoma Maluza, Chief Financial
Officer at Cirata, said:
"Since the new management team were appointed in March 2023,
we have faced some significant challenges. I am proud of the work
we have done together to help shape a new future for Cirata and all
its stakeholders, providing a platform for growth and
sustainability. I want to take this opportunity to wish Stephen,
the Board and colleagues my sincere best wishes for the next phase
of the journey".
This
announcement contains inside information under the UK Market Abuse
Regulation. The person responsible for arranging the release of
this announcement on behalf of Cirata plc is Larry Webster, Company
Secretary.
For
further information, please contact:
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Cirata
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+1
(925) 380 1728
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Stephen Kelly, Chief Executive
Officer
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Ijoma Maluza, Chief Financial
Officer
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Daniel Hayes, Investor
Relations
|
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FTI
Consulting
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+44
(0)20 3727 1137
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Matt Dixon / Kwaku Aning / Usama
Ali
|
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Stifel (Nomad and Joint
Broker)
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+44
(0)20 7710 7600
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Fred Walsh / Ben Good / Sarah
Wong
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Panmure Liberum (Joint
Broker)
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+44
(0)20 3100 2000
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Max Jones / John More
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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