Irisity
Corporate Governance
The basis for corporate governance within Irisity is Swedish legislation and the NASDAQ First North Growth Market Rulebook.
The company has engaged Carnegie Investment Bank AB (publ) as Certified Advisor.
The company does not comply with the Swedish Code of Corporate Governance.
CEO and management
The CEO is subordinate to the Board and is primarily responsible for the Company’s ongoing management and day-to-day operations. The division of labor between the Board and the CEO is stated in the rules of procedure for the Board and the instructions for the CEO. The CEO is also responsible for drawing up reports and compiling information from management before board meetings and is the rapporteur for the material at board meetings.
According to the instructions for financial reporting, the CEO is responsible for keeping the Board informed of the development of Irisity’s operations, results and financial position, liquidity and credit situation, key business events and other relevant circumstances.
Keven brings more than 20 years of security industry experience, and most recently came from Milestone Systems AS, where he was the VP of Technology Partners. Over the past 9 years at Milestone, Keven has worked in several leadership positions including as the Open Security and Safety Alliance VP representing Milestone. Before this, Keven was the CEO of Connex International, Inc which was acquired by Milestone Systems in 2013.
Employed since: 2023
CEO of Irisity since: 2023
Number of shares: 3 127 608
Victor is an experienced leader, focusing on product strategy, development, and commercialization. He has a long track record at Irisity, being part of the management team since 2012. Victor has delivered performant cloud-based and AI-driven solutions for many years, always with a strategic focus to maximize value for the customer and the business long-term. He holds a MSc. in Intelligent Systems Design from Chalmers University of Technology
Employed since: 2008
CGO at Irisity since: 2023, part of the management team since 2012
Number of shares: 65 000 + 25 000 warrants
Raziel comes with an exceptional partner-first track record which he will use to strengthen our partner sales and support operations. Over an 11-year period Raziel was a key contributor to Milestone Systems’ global growth building the strongest network of EMEA security channel partners and programs. This, plus his many years of leading SaaS/IoT/B2B companies, will be an important step forward for Irisity’s and AgentVi’s future growth.
Employed since: 2023
COO of Irisity since: 2023
With more than 10+ years of experience in the economy sector, Anna brings valuable insights into finance within tech companies to the Irisity management team. As a long-term employee of Irisity Anna is well-rehearsed within the company’s finances and daily business operations. Anna has an analytic mindset with a structured work ethic that focuses on increasing value and creating effective processes in growth companies. Anna holds an MBA from Örebro University.
Employed since: 2019.
Prior to its acquisition by Irisity, Zvika co-founded Agent Vi and served as its CTO. Zvika is a seasoned technology leader and brings decades-long experience in designing and successfully bringing to market complex software products. He has extensive know-how in cloud, AI, edge computing, and networking technologies. Zvika holds a MSc in Electronics Engineering from the Technion – Israel Institute of Technology.
Employed since: 2003
CTO of Irisity since: 2021
Number of shares: 366 940
Board of Directors
All members of the Board of Directors are to be regarded as independent in relation to Irisity, its executive management, and its largest shareholders.
Bjørn Skou Eilertsen, born 1974
Bjørn holds a Master of Science in Business Administration and Computer Science (cand.merc.dat) from Copenhagen Business School and a board education from Board Company. Bjørn has previously held senior positions in international software companies such as Milestone Systems AS, Netcompany AS, Microsoft and IBM. Bjørn has also served on the board of the Open Security & Safety Alliance. Other assignments: Currently, Bjørn is the CEO of Great Impact and through his consulting firm, he is a strategic advisor to AtPulse, TwentyThree and the Gifted Institute. He is a member of the National Advisory Board of the Pioneer Centre of AI. Bjørn’s other board assignments include Millennial Mental Wellbeing and Leonardo Skolen. Bjørn Skou Eilertsen is independent in relation to the Company and its management as well as in relation to the Company’s major shareholders.
Member of Irisity’s Board of Directors since: 2024
Ulf Runmarker, born 1958
Ulf Runmarker is since long an owner in Irisity and is today the company’s largest owner through his holdings in AB Westergyllen, Förvaltnings AB Brunnen and private ownership. Ulf has a background in the real estate industry where he ran the family’s real estate company. He has carried out several larger new building projects under his own auspices. In addition, he has invested in several smaller growth companies where he has often served on the board. Ulf is currently committed to his investments and various board assignments.
Member of Irisity’s Board of Directors since: 2023
Total shares: 2 400 000
Anders Trygg, born 1957
Anders Trygg has extensive experience of management and board work with more than 40 years as a management consultant in various industries. Anders is active in Franchise Group Nordic AB and has assignments as a board member of Moogio International AB and chairman of the board of Kandy’z AB.
Member of Irisity’s Board of Directors since: 2023
Total shares: 621 799
Dorian Barak, born 1973
Dorian Barak is an investor and fund manager with over two decades of private equity, consulting and legal experience. He has a long track record of creating and unlocking value in dozens of investments and exits across the Middle East, China, and Europe. Dorian Barak is educated at Yale (JD) and UCLA (BA) (US) as well as Oxford (MA) (Great Britain). Previous experience includes positions such as management consultant at The Boston Consulting Group and as a corporate attorney at the Skadden Arps law firm in New York. Current and previous board positions (partial): Cipia Vision, Agent Vi, Nowforce, Reorient Group, Omnitas Aviation, KuangChi Science, Frontier Services Group, Zwipe, Alufer Mining.
Member of Irisity’s Board of Directors since: 2021
Christian Andersson, born 1976
Christian Andersson is a former partner in Hans Andersson Recycling AB. Christian was active in the company for 22 years, of which the later 14 years in various leading roles within the company and was also involved in the sale of the company in 2017. Christian is currently active in, among other things, venture, finance and real estate. Christian has extensive experience of board work with board assignments for, among others, Hans Andersson Holding AB, Hans Andersson Paper Nya AB, Ipinium Aktiebolag, Change Reklambyrå AB and Random State AB.
Member of Irisity’s Board of Directors since: 2023
Total shares: 1 300 000
Lucas de Mendoza, born 1976
Lucas brings over two decades of experience in corporate finance, strategic advisory, and executive management within the tech industry, making him a valuable addition to our Board. He has worked in both multinational and startup environments. Currently, Lucas serves as Managing Partner of an independent M&A advisory firm while also holding several NED roles in international tech companies. For the past four years, he has served on the Board of Ultinous, with the last 14 months as Chairman. Lucas began his career with a five-year tenure at PwC after earning his degree in Business Administration from the University of Barcelona. Alongside his business activities, Lucas shares his expertise by teaching undergraduate classes in finance.
Member of Irisity’s Board of Directors since: 2024
Inna Kaushan, born 1983
Inna is a partner in Stockhorn Capital AB and focuses on investments in technology businesses. She plays an active role in the boards of the companies where StockhornCapital AB invests. Her professional background includes investment banking and corporate finance for M&A, KPMG, and Erste Group Austria. Inna holds a master’s degree in international finance and a PhD in Economics. She is based in London and was serving on Ultinous board for eight years.
Member of Irisity’s Board of Directors since: 2024
Nomination Committee
Nomination Committee for Annual General Meeting 2023
The Nomination Committee shall propose chairman of the Annual General Meeting, number of Board members, remuneration to the Board, the election of Board members, an election of auditors, fees to the auditors, and how the Nomination Committee shall be appointed. The Nomination Committee shall consist of three to five persons.
The chair of the board shall on basis of the shareholder register of 30th of September 2022 convene representatives of the company’s five largest shareholders, which subsequently constitute the company’s nomination committee. In case of that, only two of the five largest shareholders are at the disposal of the nomination committee, the next owner shall be asked in the order of magnitude until at least three members are reached. The representative of the company’s largest owner shall be the chairman of the nomination committee.
The Nomination Committee for the Annual General Meeting 2023 has been appointed as follows:
Chalmers Innovation Seed Fund AB through Håkan Krook (Chairman)Phone: 0708-990461Email: hakan@chalmersventures.com
Westergyllen AB through Carl Runmarker (Chairman)Phone: 0707-247484Email: carl@runmarker.se
Sun Red Beach Growth Partners APS trough Hannah MarierPhone: +45 50842946Email: hannah.marier@hotmail.com
Auditors
The auditor shall review the Company’s annual accounts as well as the Board and CEO’s management. After each financial year, the auditor shall submit an auditor’s report to the AGM. Under the Company’s Articles of Association, the Company shall have no more than two auditors and no more than two deputy auditors.
Irisity’s auditor is Ernst and Young AB with authorized auditor Linda Sallander as the chief accountant auditor.
Ernst and Young AB and Linda Sallander are members of FAR SRS.
Certified Adviser
Irisity has entered into an agreement with Carnegie Investment Bank in its capacity as an approved adviser, known as Certified Adviser.
Carnegie Investment Bank is responsible as Certified Adviser in order for the Company to comply initially and continuously with First North’s regulatory framework.
Carnegie Investment Bank offers companies listed on the First North service as Certified Adviser. Unlike the regulated market, each company on First North has a so-called Certified Adviser, “CA” that ensures that companies meet the requirements and rules that exist.
Certified Adviser: Carnegie Investment Bank AB (publ)
Phone: +46 (0)73 856 42 65
Email: certifiedadviser@carnegie.se