Cyren announced that Lior Samuelson, Chairman and Chief Executive Officer, intends to step down as CEO after transitioning his responsibilities to a successor to be identified in the future by the Board of Directors. For now, Mr. Samuelson will continue in his roles as CEO and Chairman of the Board and will be involved in the selection and on-boarding of his successor. The Board of Directors has engaged a leading executive search firm to assist with this search. Upon transitioning his responsibilities to the new CEO, Mr. Samuelson will continue to serve as Chairman of the Company's Board of Directors. Lior has been an invaluable part of Cyren during his tenure. He initially joined the Company as Chairman of the Board and later stepped into the CEO role. He has enhanced the organization at every level, adding key leadership talent, developing a new product roadmap in enterprise security and navigating new growth opportunities.