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Lydian International Provides Management Update

As part of the company's restructuring program, Joao Carrelo, president and chief executive officer, and a member of the board of directors, will step down effective June 12, 2019. Russell Ball, chairman of Lydian, commented on behalf of the board: "We thank Joao for his leadership over the past year, and we are pleased he has agreed to continue to assist the company on a consulting basis going forward. We wish him well with his future opportunities."

Lydian also announced that the board of directors has appointed Edward Sellers, a current member of the board of directors, as interim president and chief executive officer, effective June 12, 2019.

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