Neonode Announces Appointment of New President and CEO
Rhea-AI Summary
Neonode (NASDAQ: NEON) has appointed Daniel Alexus as its new President and Chief Executive Officer, effective March 31, 2025. Alexus, 40, joins from Ericsson where he served as Executive, Global Head of Innovation and Founder of Ericsson ONE since 2018.
The appointment comes at a important time as Neonode aims to reshape its business model, focusing on licensing proprietary technologies to leading suppliers and OEMs while pursuing profitability. Alexus brings significant experience from various senior roles at Ericsson since 2010 and holds a Master of Science in Engineering & Management from KTH Royal Institute of Technology in Stockholm.
Positive
- Appointment of experienced innovation leader with proven track record
- Strategic focus on licensing proprietary technologies
- New CEO brings extensive technology and management expertise from Ericsson
Negative
- Company currently not profitable
- Requires business model transformation
News Market Reaction 1 Alert
On the day this news was published, NEON gained 6.32%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Neonode is at a very important stage of its journey toward reshaping its business and becoming a profitable company focused on licensing proprietary technologies to leading suppliers and OEMs, and we are very pleased to welcome Daniel Alexus as the new President and CEO of the company. Daniel has a proven track record of outstanding business leadership and high technical skills – experience that will be crucial to Neonode's success moving forward," says Ulf Rosberg, Chairman of the Board.
"I am excited to be joining Neonode and inspired to collaborate with the team and the Board of Directors to drive the company's growth and development. I am particularly impressed by Neonode's technology platforms and engineering expertise, which I believe hold significant potential. My focus will be on accelerating commercial success and driving sustainable growth. Together with the team, I look forward to creating value for our customers, employees, and shareholders," says Daniel Alexus.
Mr. Alexus, aged 40, has since 2018 served as Executive, Global Head of Innovation and Founder of Ericsson ONE, an innovation accelerator within Telefonaktiebolaget LM Ericsson (publ) ("Ericsson"). Daniel Alexus also brings experience from several other senior roles at Ericsson, where he started in 2010. Mr. Alexus has a Master of Science in Engineering & Management from KTH Royal Institute of Technology in
For more information, please contact:
Interim President and Chief Executive Officer and Chief Financial Officer
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Phone: +46 703 97 21 09
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https://news.cision.com/neonode/r/neonode-announces-appointment-of-new-president-and-ceo,c4123070
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SOURCE Neonode
FAQ
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