New CEO Lenardos Plans Refocus to Return Cinnober to Profit in 2019

Lenardos rules out M&A; says Cinnober will focus on organic growth

peter-lenardos-cinnober-rbc

Peter K. Lenardos, who was appointed CEO of Stockholm-based financial technology provider Cinnober on Monday, believes he can turn around the company’s recent losses by refocusing on its core business, he tells WatersTechnology.

Lenardos says he believes the company’s financial woes—a loss of SEK (Swedish krona) 93 million ($10.1 million) in 2017 and a SEK 31.2 million ($3.4 million) loss before tax in the first quarter of this year—are a result of the vendor drifting away from its core

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