FPC Completes CEO Transition

Fingerprint Cards (FPC) CEO Johan Carlström has announced that he is stepping down. He will be replaced by Jörgen Lantto.

Given that Lantto has been the acting CEO since last fall, the transition should be pretty smooth. In a statement, Carlström said he has “complete confidence in the competent team that will now lead FPC”, adding that he believes “we are now seeing only the dawn of a new Swedish global company.”

Carlström has led the company through a major expansion since his appointment in the spring of 2009. The company’s sales have grown from SEK 27 million to SEK 1.5 billion forecasted for this year, and its staff roster has expanded from 13 to today’s 180.

Accordingly, the company currently finds itself on very solid footing. It has just announced two major smartphone integrations of its fingerprint sensor technology, and has enjoyed higher than anticipated revenues so far this year. Given the reliable stream of business opportunities coming to the company from the growing Chinese market, and the many other opportunities available elsewhere, there is good reason for optimism as the new CEO officially takes the helm.

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(Source: Mobile ID World)

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