Fingerprint Cards names acting CEO Jörgen Lantto permanent CEO

May 27, 2015 - 

Fingerprint Cards AB (FPC) announced that Johan Carlström has stepped down as CEO in order to focus on business development within the company.

Additionally, FPC’s board of directors has named Jörgen Lantto the permanent CEO of the company.

Lantto was initially recruited by FPC as chief technology officer in December 2012. Since September 2014, he has served as acting CEO of the company, guaranteeing continuity and the continued strong development of FPC.

Under the leadership of Carlström – who was appointed CEO of FPC in May 2009 – FPC has evolved from a small development firm offering a single fingerprint area sensor to banks in China into its “current position as the world-leading supplier of fingerprint sensors for the global mobile industry,” said Urban Fagerstedt, chairman of the board of Fingerprint Cards AB.

“During Johan’s time as CEO of FPC, sales have increased from SEK 27 M to the forecast for the current year of more than SEK 1,500 M,” said Fagerstedt. “The members of staff have risen from 13 to more than 180 and the company’s market capitalization has increased by 7,300% to today’s SEK 5.3 billion.

“Over the years, Johan has implemented capital procurement programs totaling nearly SEK 500 M, a prerequisite for FPC’s ability to develop in this positive manner. Accordingly, I would like to thank Johan Carlström for his leadership, visions, drive and passion for the company, which have made the journey that we have now embarked upon possible.”

Carlström has decided to step down as CEO to concentrate on business development in FPC’s future growth areas.

“I have complete confidence in the competent team that will now lead FPC and I am certain that we are now seeing only the dawn of a new Swedish global company,” said Carlström. “I hope that my departure will have the positive impact that the stock market will henceforth focus its interest more on the company’s world-leading technology, unique products and continued market successes.”

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.