Terranet announces Lars Lindell as new CEO

Company Leadership - Terranet has appointed Lars Lindell as the new CEO, effective no later than April 10, 2025 [1] - Lars Lindell brings over 30 years of international experience in leading fast-growing tech companies, including roles in the automotive and telecom sectors [1] - He previously served as CEO of Acconeer AB for 10 years [1] - Terranet's Chairman of the Board, Torgny Hellström, highlights Lars Lindell's extensive experience in driving growth and profitability in technology-driven companies, both in Sweden and internationally [1] - Lars Lindell is recognized for his vast international network, leadership skills, and proven ability to deliver strong results [1] - During the interim period, Terranet's CFO, Dan Wahrenberg, will serve as acting CEO [1] CEO's Vision and Strategy - Lars Lindell emphasizes the significant changes in the world, particularly the development toward fully autonomous vehicles, which demand better sensor technology [2] - He expresses optimism and a sense of responsibility as the new CEO, given Terranet's cutting-edge technology with the potential to save countless lives in traffic annually [2] - Lars Lindell aims to commercialize Terranet's technology, positioning Sweden as a leader in safety innovation [2] Company Overview - Terranet is headquartered in Lund, with offices in Gothenburg and Stuttgart [4] - The company has been listed on Nasdaq First North Premier Growth Market since 2017 (Nasdaq: TERRNT-B) [4] - Terranet's mission is to save lives in urban traffic by developing innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV) [5] - The company's anti-collision system, BlincVision, laser scans and detects road objects up to ten times faster than any other ADAS technology available today [5] Industry Context - The automotive industry is undergoing significant changes, with a focus on fully autonomous vehicles and the need for advanced sensor technology [2] - Terranet's technology is positioned to address these industry demands, particularly in enhancing safety and reducing traffic-related fatalities [2][5]