SecuritySivers Semiconductors Announces Resignation of CEO Anders Storm

Sivers Semiconductors AB (STO: SIVE), a leading supplier of lasers for AI photonics and integrated chips & modules for the most advanced communications and sensor solutions, today announced that CEO Anders Storm has decided to leave his position for new challenges outside the Company. Sivers has initiated a global search for a new CEO. Anders Storm will remain in his position until the new CEO has taken office or until the end of his six-month notice period, September 2024.

Bami Bastani, Chairman of the Board, expressed his appreciation for Storm’s leadership role in the company over the past decade, “Anders has made significant contributions to Sivers Semiconductors by developing a global enterprise uniquely positioned in the emerging AI photonics market with its laser solutions and in Satcom space with its mmWave technology. In 2023, Sivers had a record revenue and growth year, acquiring new customers and broadening its product portfolio. We thank Anders and wish him all the best in his future endeavors.”

After a long and fruitful tenure, this has been a tough decision for me. Sivers is a fantastic company with great people and tremendous potential. I will continue to lead the organization with strong commitment and dedication for the remainder of my term at Sivers,” said Anders Storm Group CEO.


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