Former CEO Johan Carlström is back in at Fingerprint Cards (FPC), and several board members are out. According to a new Reuters report, the company’s management have proposed that Carlström return as FPC’s new Chairman of the Board.
Carlström served as FPC’s CEO from 2009 to 2015, stepping down from the role after Swedish police launched an inquiry into suspected insider trading. He left the company from a subsequent role as its Business Developer in October of 2016, explaining at the time that entrepreneurial work outside of the firm required too much of his attention for him to continue with the fingerprint sensor specialist. But he retained a majority holding of the company’s shares, which amounted to a 15.9 percent stake at the end of last year.
Carlström’s proposed return comes alongside the news that FPC board members Asa Hedin, Carl-Johan von Plomgren, and Ann-Sofie Nordh had declined re-election to the company’s board, along with current Chairman Jan Wareby.
The developments also arrive in the wake of FPC’s announcement last month that two senior executives, CFO Hassan Tabrizi and SVP of Strategy and Corporate Development Jan Johannesson, will depart the company in June; and they come ahead of a Q1 corporate update scheduled for May 3rd.
April 26, 2018 – by Alex Perala