IDEX Biometrics is looking for a new Chief Financial Officer. The company has announced that its current CFO, Derek D’Antilio will step down on April 23rd.
D’Antilio joined the company in the summer of 2019, replacing Henrik Knudtzon. He would go on to help steer the company through the COVID-19 crisis in the following year, and played an important role in IDEX’s recent debut on the Nasdaq securities exchange.
In announcing D’Antilio’s departure, IDEX explained that he has accepted a position with another company. The company indicated that it has already begun the search for his successor, and is aiming to announce the next CFO by May 1st. In the meantime, IDEX’s VP of Finance, Erling Svela, will act as interim CFO, as he did between the departure of Henrik Knudtzon and the appointment of Derek D’Antilio in 2019.
“On behalf of IDEX, I want to thank Derek for his many and significant contributions to IDEX,” commented IDEX CEO Vince Graziani. “Derek is a well-respected senior executive who, as Chief Financial Officer beginning in 2019, has been instrumental in raising capital, leading our Nasdaq listing, and helping position the Company for future success. We wish Derek continued success in this next chapter of his career.”
The company’s next CFO will join IDEX at a particularly exciting time for its business. IDEX has spent the last few years developing fingerprint biometrics technology for use in payment cards, and the nascent biometric payment card market is thought to be on the cusp of a mass commercialization phase. IDEX’s TrustedBio fingerprint sensor moved into mass production in March, enabling IDEX to begin filling volume orders.
March 31, 2021 – by Alex Perala