Exec with Marketing, Payments Experience is NEXT Biometrics’ New CEO

“NEXT’s unique fingerprint sensor technology and the growth potential of its target markets provides the foundation to further scale the business and reach the Company’s true potential.” – Peter Heuman, CEO, NEXT Biometrics

NEXT Biometrics has found its next CEO in Peter Heuman, an executive with experience in media marketing and financial services.

In announcing the appointment, NEXT Biometrics highlighted Heuman’s experience as CEO of Done Management & Systems AB (now operating under the name House of Friends), a marketing and media production company based in Sweden that Heuman led from August of 2008 to March of 2012. NEXT also noted Heuman’s experience in the payments industry from his role as Ericsson’s Managing Director of Mobile Financial Services, and pointed out that before his appointment with NEXT, Heuman has been acting as an advisor to multiple European private equity firms.

Heuman comes to NEXT Biometrics after the departure of former CEO Ritu Favre earlier this summer, and will replace interim CEO Dan Cronin, the company’s Chief Operating Officer.

Commenting on his appointment in a statement, Heuman lauded NEXT Biometrics’ fingerprint biometrics technology and emphasized the company’s potential. “I’m excited to be given the opportunity to serve as the new CEO of NEXT Biometrics,” he said. “NEXT’s unique fingerprint sensor technology and the growth potential of its target markets provides the foundation to further scale the business and reach the Company’s true potential.”

The announcement of Heuman’s appointment arrives soon after a Q2 update in which NEXT Biometrics reported year-over-year improvements in revenues and its net loss, and Cronin anticipated “hypergrowth” in the biometric payment cards market, a key focus area for NEXT. Human will officially become the company’s CEO on September 16th.

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September 9, 2019 – by Alex Perala

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Fingerprints are practically synonymous with identity. The unique ridges and whorls on the tips of your finger have been distinguishing one person from another since 1788 when German anatomist Johann Christoph Andreas Mayer discovered that every fingerprint is different.

Fingerprint readers do exactly what their name describes. Using either optical, capacitive, or ultrasound sensor technology, they measure the characteristics of a fingerprint. This can be used to identify an individual by comparing the scanned print to many different templates stored in a database, as is commonly done with criminal background checks, or it can be done on a one-to-one basis in order to authenticate a user. Visit FindBiometrics’ Fingerprint Biometrics page to learn more.