The Supervisory Board of cyan AG has decided to decrease the size of the Executive Board of cyan AG to two members. The appointment of Martin Wachter to the cyan AG Executive Board will be rescinded and the duties will be split between the existing members of the Executive Board, Frank von Seth and Markus Cserna. At the same time, the management contract with Markus Cserna (42) was prematurely extended by two years until December 31, 2024. The current contract originally had a term until December 31, 2022. Markus Cserna is one of the founders of today's cyan AG and has been a member of the Executive Board since 2018. Together with Frank von Seth, he will continue to drive the transformation and, as before, manage the Group's technological areas as Chief Technology Officer, CTO.