POSTED : 27,02,18 - 8:00 am

OSLO, NORWAY – 27 February 2018, Biometric technology company Zwipe’s Board of Directors has appointed André Løvestam (born 1966) as the company’s new Chief Executive Officer (CEO). He will replace founder and CEO Kim Humborstad from 1 March 2018.

André Løvestam has a strong career comprising several CEO and other executive positions at publicly listed Nordic ICT and FMCG companies, among them Atea, TeleComputing, Tomra and Orkla. He is currently coming from the position as Head of Asia Pacific at The Future Group (TFG), an international media technology company.

Kim Humborstad, who founded Zwipe and has served as the company’s CEO since 2009, will move to a new role as Zwipe’s Chief Growth Officer (CGO). In his new role, Humborstad will work across the key areas that drive growth and support the alignment between customer and partner needs and Zwipe’s marketing, product development and R&D. Humborstad is also expected to join the Board of Directors subject to election at the upcoming Annual Shareholders’ Meeting in March 2018.

“André Løvestam’s experience and expertise are well suited to the strategic goals of Zwipe, including operational scale-up, increased international sales and corporate financing activities. He has a proven track record as an enthusiastic and successful leader, assets that will be of great value for Zwipe” says Chairman of the Board of Directors, Clas Thelin.

“I am also excited that Zwipe’s founder, Kim Humborstad, will continue to contribute to the company’s development, both in an operational role and as a member of the Board of Directors when approved by the general meeting.”

“The Zwipe team has clear values set on delivering great customer experiences, authenticating people across multiple platforms and markets. I’m looking forward to seeing André Løvestam join the team and lead Zwipe’s scale-up in 2018 and beyond”, Thelin continues.

“As the first company in the world to offer a dual interface fingerprint activated card for Financial Services and other markets, using a proprietary biometric engine to perform full ID verification without the use of batteries or fixed power supply, Zwipe is perfectly positioned to reap the benefits of the expected strong growth for biometrics on a global scale. I am delighted to join the competent Zwipe team and look forward to lead Zwipe’s charge ahead based on a clear strategy and ambitious targets”, says André Løvestam.

Commenting on the appointment, Kim Humborstad said “I am tremendously proud of what we’ve built with Zwipe, taking the biometric card concept from an idea to a strong industry position in an emerging global biometrics market. Now I look forward to sharpen focus on market adoption and top-line growth, while supporting André in building the operational machinery and ensuring the financing required to implement Zwipe’s ambitious growth strategy”.


Further information:

Clas Thelin, Chairman of the Board of Directors

André Løvestam,

Kim Humborstad,

Lisbeth Breum,