Precise Biometrics Appoints New CFO, Aims For 2015 Profitability

Today, Precise Biometrics announced that it has appointed a new chief financial officer: Bo-Göran Jaxelius. According to the company, this staffing change is part of Precise’s previously announced changes in relation to its plan to reach profitability in 2015 by focusing on the mobile fingerprint market.

Fingerprint Biometrics — Precise Biometrics’ fingerprint matching algorithm, Precise BioMatch Mobile, is featured on the new Huawei flagship smartphone.

Jaxelius, 43, has 20 years of relevant experience. He has worked as CEO, CFO and director of finance for companies including Scalado AB, Deloitte, Zi Corporation and Decuma. Jaxelius holds a bachelor of science in business administration and economics from Lund University.

In addition to the appointment of Jaxelius to the position of CFO, Precise Biometrics promoted its R&D director, Rutger Petersson, to the company’s management team. Petersson, 39, holds a masters degree in computer science from Växjö University. Having worked at Precise Biometrics since 2007 in project and program management, he also brings to the table experience from Ericsson and Teleca Mobile.

Håkan Persson, CEO of Precise Biometrics, comments: “I welcome Bo-Göran and Rutger to the management team, together they will bring valuable experiences that further strengthens our operational focus going forward.”

Just last week, FindBiometrics reported that Precise Biometrics’ fingerprint algorithm is featured on the new flagship smartphone from Huawei, the Ascend Mate 7. Huawei’s newest mobile distinguishes itself as the first Android smartphone to feature a capacitive touch sensor. According to an earlier announcement from Alibaba, the fingerprint sensor on the Ascend Mate 7 will be allowed to authorize mobile wallet payments both online and at physical point of sale through the Alipay app.

After today’s leadership announcements, Precise Biometrics’ management team consists of Håkan Persson, CEO; Patrik Lindeberg, COO; Daniel Edlund, Corporate Marketing Manager; Rutger Petersson, Director R&D and Bo-Göran Jaxelius, CFO.

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September 8, 2014 – by Peter B. Counter

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