STOCKHOLM, SWEDEN: Precise Biometrics’ CEO, Stefan K. Persson, has announced that he has decided to leave his position for new challenges outside the company.

Precise Biometrics will immediately initiate the recruitment process of a new CEO, a news release said.

“I want to thank Stefan for his efforts as he has implemented important changes that has positioned Precise well for the future. Under his leadership, the company’s offering has been broadened to include more areas of use, not least in the access and smart card areas which are markets with significant growth potential in the coming years. We are now starting the recruitment of a new CEO and see opportunities in finding a suitable leader for the needs we have when we now enter the next phase in the company’s development”, said Torgny Hellström, Chairman of the Board at Precise.

Stefan K. Persson will remain in his current role during his notice period of six months and is expected to leave Precise during March 2022.

Precise Biometrics AB is a global supplier of identification software. The company offers products in various areas of application that enable users – using their own biometrics – to identify themselves in a convenient and secure way.

Precise has two product areas; Digital Identity and Algo, and operates out of its offices in Lund, Sweden, Potsdam NY, USA and Shanghai, China. The Precise share is listed at Nasdaq Stockholm (PREC). www.precisebiometrics.com