IDEX Biometrics Announces New CFO

“We are pleased to welcome Derek to our team, where he will have an immediate impact through his experienced leadership of our financial organization. He joins us at an ideal time as we prepare the company for commercial success.” – Stan Swearingen, CEO, IDEX Biometrics

IDEX Biometrics has found its new Chief Financial Officer: Derek P. D’Antilio will take on the role effective July 8th.

The news comes after IDEX announced the departure of its previous CFO, Henrik Knudtzon, earlier this spring, announcing he would officially “transition into an advisory role” on June 1st. During the interim period of June and the first week of July, IDEX’s VP of Finance, Erling Svela, will act as its interim CFO.

In announcing D’Antilio’s appointment, IDEX emphasized his having “over twenty years of financial experience with some of the most recognizable companies, including PwC and Hewlett-Packard.” D’Antilio served as an Audit Manager at PwC from 2002 to 2004; and between 2009 and 2011 he served as Assistant Corporate Controller and Senior Finance Director at 3Com Corporation, which was acquired by HP during his tenure.

Most recently, D’Antilio was VP and Corporate Controller at MKS Instruments from 2011 to 2019. A semiconductor equipment supplier, MKS Instruments tripled in size during D’Antilio’s term with the company, IDEX says.

Commenting on D’Antilio’s appointment, IDEX Biometrics CEO Stan Swearingen gestured to the fingerprint sensor specialist’s current efforts to commercialize its technology for biometric payment cards. “He joins us at an ideal time as we prepare the company for commercial success,” Swearingen said.

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May 31, 2019 – by Alex Perala