Cel AI PLC announced that Bruna Nikolla has resigned as Executive Director and Timothy Le Druillenec has resigned as Executive Director of the Company, both with immediate effect. The Company announced appointment of Nicholas Lyth as executive director. The appointment will take effect immediately.

Nicholas Lyth is a UK-based, experienced finance director and qualified accountant with extensive experience advising quoted companies including AIM-listed companies Univision Engineering Ltd, Altona Energy plc and Taihua plc and AQSE-listed companies Phoenix Digital Asset plc, Supernova Digital Assets plc, File Forge Technology plc and Ora Technology plc. For two years, Mr. Lyth was Group Finance and Purchasing Director of Belle Group, a manufacturer of engineering equipment operating across Europe, the US and Asia. He was also Head of Finance at Fothergill Group, a UK manufacturer of technical industrial fabrics, between 1996 and 2003.

In his early career, Nick was a management accountant at Courtaulds plc and Rotunda plc. Current directorships and/or partnerships: Aquis Stock Exchange listed companies: Phoenix Digital Assets plc; Supernova Digital Assets plc; File Forge technologies plc and Ora Technology plc. London Stock exchange listed companies: Streaks AI plc and Mustang Energy plc.

Private: Dark Peak Consulting Ltd; London Carbon Exchange Ltd; Carbon Technologies Ltd. and; Cykel AI plc. Former directorships and/or partnerships (within the last five years): Aquis Stock Exchange listed companies: ChallengerX plc and Kondor AI plc. Private: Food Forward Global Operations Plc.