MIPS, the world leader in brain protection systems within helmet-based safety, today announces that Max Strandwitz will assume the role as CEO of MIPS AB as from 10 May 2019. Max Strandwitz is currently the CFO of MIPS. MIPS's current CEO, Johan Thiel, will remain in an advisory role during a transitional period.
Following the IPO and listing on Nasdaq Stockholm in March 2017, MIPS has demonstrated a strong ability to deliver on its long-term financial targets for 2020 that were communicated in connection with the IPO. As the board and management are now initiating a review of the long-term financial targets, which will be communicated during the fall, MIPS's current CEO Johan Thiel and the board consider it to be an appropriate timing to execute a planned succession of the company's leadership. The board has therefore appointed MIPS's CFO Max Strandwitz as the new CEO of MIPS. Max Strandwitz will assume his new role as CEO on 10 May 2019.
"During my leadership, MIPS has developed from a small company emerged from a research project at KTH to a world-leading company listed on Nasdaq Stockholm. I have been working side-by-side with Max Strandwitz for three years now, and I feel extremely confident in handing over to him." says Johan Thiel, MIPS's resigning CEO.
"I'm very happy and proud to get the board's confidence to take over the leadership of MIPS and to continue the work to build MIPS as a world-leading company in helmet-based safety." says Max Strandwitz, MIPS's new CEO.
MIPS has initiated the process of recruiting a new CFO to replace Max Strandwitz. During a transitional period, until a new permanent CFO has been employed, Max Strandwitz will remain also in the role as CFO of MIPS.
