Stillfront ousts CEO and founder
Whilst Stillfront’s financial scenario “stays sturdy,” board “concludes a brand new management is the best way ahead”
Stillfront has ousted its founder and CEO, Jörgen Larsson.
Stillfront’s board of administrators has now commenced the recruitment course of for a brand new CEO, appointing ragged president of publishing and enterprise acceleration Alexis Bonte as interval in-between CEO throughout the period in-between.
Chair Katarina Bonde said that concurrently Stillfront’s financial scenario “stays sturdy,” the board has “concluded {that a} new management is the best way ahead.”
“The effectivity measures now we have taken proceed to help elevated profitability, and money circulation era stays sturdy, as does our monetary place,” Bonde stated. “On the similar time, Stillfront has basic work ahead to boost the company’s bid and stop the value financial savings communicated in reference to the announcement of a brand new administration development with operations divided into three enterprise areas.
“It is a new section in Stillfront’s journey, and for this work to be pushed offensively and with full pressure, the Board has concluded {that a} new management is the best way ahead for Stillfront.”
The ragged CEO added: “I’m very pleased with the journey Stillfront has made and the main place the corporate holds at the moment. Stillfront has an skilled workforce, and the proper technique with nice opp