Precise Biometrics CFO to Step Down

“…the decision will not take effect immediately, with Thuresson agreeing to remain in his role until a new CFO has been found.”

Precise Biometrics‘ Chief Financial Officer is stepping down, the company has announced.

In a brief statement, the company said that Göran Thuresson has made the decision “to leave Precise Biometrics and return to a role as interim consultant.” But the decision will not take effect immediately, with Thuresson agreeing to remain in his role until a new CFO has been found.

Thuresson’s decision comes at a time of transition for Precise Biometrics and the broader mobile biometrics industry in which it has become a key software provider. A number of fingerprint biometrics specialists have struggled to adapt to intensifying competition and dropping sensor prices as smartphone fingerprint sensor have become established as mainstream. For its part, Precise Biometrics appears to have maneuvered around the developments effectively, with its most recent corporate update showing a smaller operating loss year-over-year, and higher sales.

Nevertheless, the company has seen at least one major shakeup in its leadership, with former CEO Håkan Persson having abruptly resigned near the start of the year. Its next CEO, Stefan K. Persson, will take over on August 1st.

As for Thuresson, Precise Biometrics Chairman Torgny Hellström commented in the company’s statement that the CFO “has in the best of ways contributed to the development of Precise Biometrics,” adding, “I would have preferred for Göran to stay in the organization, but respect his decision.”

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June 19, 2018 – by Alex Perala