Appointment of Fredrik Nihlén as Chief Financial Officer at Neonode

Rhea-AI Summary

Neonode (NASDAQ: NEON) announced the appointment of Fredrik Nihlén as Chief Financial Officer, effective August 2, 2021. Nihlén joins from IFS, where he was Finance Director for the Nordics, and has prior experience as CFO at Cinnober Financial Technology. His recruitment reflects Neonode's belief in strong growth opportunities in contactless touch solutions. CEO Urban Forssell stated that Nihlén's financial expertise will enhance company profitability.

Positive

• Appointment of Fredrik Nihlén expected to enhance financial management.
• Nihlén's background indicates strong financial expertise and business acumen.

Negative

• Transition period may cause temporary disruption in financial operations.

STOCKHOLM, March 31, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today announced the appointment of Fredrik Nihlén as Chief Financial Officer, to become effective on or about August 2, 2021, following a notice period to Mr. Nihlén's current employer.

Mr. Nihlén joins Neonode from IFS Sverige AB ("IFS") where he held the position of Finance Director IFS Nordics since 2019. Prior to joining IFS, Mr. Nihlén held the position of Group Chief Financial Officer at Cinnober Financial Technology AB from 2018 to 2019. Before this Mr. Nihlén was with DIBS Payment Services, where he held the position of Head of Finance from 2016 to 2018 and Business Controller from 2013 to 2016.

Mr. Nihlén has a M.Sc. in Business Studies and Economics from Växjö University, Sweden.

Maria Ek will remain in her position as the company's Chief Financial Officer until Fredrik Nihlén joins later this year.

"We are in a very positive and dynamic phase and see a strong and increasing demand for our contactless touch solutions and other offerings from customers worldwide. The recruitment of Fredrik Nihlén is a testament to our belief in the company's growth potential and with Mr. Nihlén joining our team we get a person with financial expertise and business acumen that will reinforce our work to develop and grow the company and improve profitability," said Urban Forssell, Chief Executive Officer.

For more information, please contact:

CONTACT:

Investor Relations
David Brunton
E-mail: david.brunton@neonode.com
Phone: +1 925 768 0620 

Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com

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Appointment of Fredrik Nihlén as Chief Financial Officer at Neonode

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SOURCE Neonode

FAQ

Who is the new CFO of Neonode?

Fredrik Nihlén has been appointed as the new Chief Financial Officer of Neonode.

When does Fredrik Nihlén officially start at Neonode?

Fredrik Nihlén's appointment will be effective on or about August 2, 2021.

What is Fredrik Nihlén's previous experience before joining Neonode?

Before joining Neonode, Fredrik Nihlén was Finance Director at IFS Nordics and previously held CFO roles at Cinnober Financial Technology.

How does the appointment of Fredrik Nihlén impact Neonode?

His appointment is expected to enhance financial management and improve profitability as Neonode pursues growth in demand for its solutions.