Fingerprint Cards main owner Carlstrom to replace chairman
27 April 2018 14:51 GMT

Swedish Biometrics company Fingerprint Cards has proposed its main shareholder and former CEO Johan Carlstrom replace the current chairman.

Carlstrom was replaced as CEO in 2014 after police launched a probe into suspected insider trading in Fingerprint, and he will face a trial at a Stockholm district court in November. He has denied the allegations and declined to comment on the board changes on Thursday.

Last month the company said its CFO Hassan Tabrizi and Jan Johannesson, vice president strategy and corporate development, would leave the company.

On Thursday it said current chairman Jan Wareby and board members Asa Hedin, Carl-Johan von Plomgren and Ann-Sofie Nordh had all declined re-election to the board.

The former stock market star had its big breakthrough in 2015 when demand for fingerprint sensors in smartphones and tablets soared after other manufacturers followed the lead of Apple, but has since faced increased competition.

 

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