Cecilia Wachtmeister Takes Over as New CEO of IAR

Summary

Uppsala, Sweden - July 10, 2024 - Cecilia Wachtmeister, who was appointed as the new CEO of I.A.R. Systems Group AB at the end of March, will officially assume the role on Aug. 16. When Cecilia was recruited, it was communicated that she would take office by Oct. 1 at the latest, with the hope of an earlier start date. Cecilia has been able to leave her previous position earlier than planned and will therefore assume the CEO role at IAR on Aug. 16.

"We are very pleased to welcome Cecilia to IAR. The board is highly satisfied with the recruitment and the swift appointment, which enables us to advance our growth strategy without delay," said Nicolas Hassbjer, chairman of the Board of IAR.

"I am excited to finally assume the role of CEO and continue developing this fine deep-tech software company that is growing profitably," said Cecilia Wachtmeister, incoming CEO of IAR.

Richard Lind will simultaneously leave his position but will be available to the company during the fall. Upon assuming her new role, Cecilia Wachtmeister will step down from her position as a board member of IAR.

About IAR

IAR provides world-leading software and services for embedded development, enabling companies worldwide to create secure and innovative products for today and tomorrow. Since 1983, IAR’s solutions have ensured quality, security, reliability and efficiency in developing over one million embedded applications for companies across industries such as industrial automation, IoT, automotive and medical. IAR supports 15,000 devices from over 70 semiconductor partners. The company is headquartered in Uppsala, Sweden, and has sales and support offices worldwide. IAR is owned by I.A.R. Systems Group AB, listed on NASDAQ OMX Stockholm, Mid Cap.