Karachi: Cyan Limited has announced a leadership change with the resignation of its Chief Executive Officer, Mr. Mohammad Shamoon Chaudhry. Mr. Chaudhry's resignation will be effective from May 16, 2025, as stated by the company's Board of Directors.

The Board has appointed Mr. Muhammad Bilal Ahmed as the new Chief Executive Officer, succeeding Mr. Chaudhry, with his tenure commencing on the same date, May 16, 2025. This transition in leadership comes as Cyan Limited continues to position itself in the market.

According to information available from the Pakistan Stock Exchange (PSX), the announcement was made to inform TRE Certificate Holders of the Exchange. The company's market activity remains under the designated market category.

Cyan Limited's Board of Directors has not disclosed further details about the reasons behind Mr. Chaudhry's resignation or the strategic direction under Mr. Ahmed's leadership. The company has yet to outline any forthcoming plans or initiatives that may accompany this change in executive leadership.