PR Newswire | Mar 31, 2021 09:53AM EDT

03/31 08:52 CDT

Appointment of Fredrik Nihln as Chief Financial Officer at Neonode STOCKHOLM, March 31, 2021

STOCKHOLM, March 31, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today announced the appointment of Fredrik Nihln as Chief Financial Officer, to become effective on or about August 2, 2021, following a notice period to Mr. Nihln's current employer.

Mr. Nihln joins Neonode from IFS Sverige AB ("IFS") where he held the position of Finance Director IFS Nordics since 2019. Prior to joining IFS, Mr. Nihln held the position of Group Chief Financial Officer at Cinnober Financial Technology AB from 2018 to 2019. Before this Mr. Nihln was with DIBS Payment Services, where he held the position of Head of Finance from 2016 to 2018 and Business Controller from 2013 to 2016.

Mr. Nihln has a M.Sc. in Business Studies and Economics from Vxj University, Sweden.

Maria Ek will remain in her position as the company's Chief Financial Officer until Fredrik Nihln joins later this year.

"We are in a very positive and dynamic phase and see a strong and increasing demand for our contactless touch solutions and other offerings from customers worldwide. The recruitment of Fredrik Nihln is a testament to our belief in the company's growth potential and with Mr. Nihln joining our team we get a person with financial expertise and business acumen that will reinforce our work to develop and grow the company and improve profitability," said Urban Forssell, Chief Executive Officer.

For more information, please contact:

CONTACT:

Investor RelationsDavid BruntonE-mail: david.brunton@neonode.comPhone: +1 925 768 0620

Chief Executive OfficerUrban ForssellE-mail: urban.forssell@neonode.com

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SOURCE Neonode