Sleep Cycle's Chairman opts out of a second term
Sleep Cycle Chairmanship to Change Hands in 2023
In a surprising announcement, Lars Berg, the current chairman of Sleep Cycle AB, has declared his intention to step down from his role at the 2023 annual general meeting. Since its inception in 2009, Sleep Cycle has been a pioneer in the field of sleep technology, helping millions of people worldwide understand their sleep habits and improve their sleep quality.
Founded with a mission to improve global health by empowering people to sleep better, Sleep Cycle offers a mobile application that helps users fall asleep more easily, tracks and analyses sleep during the night, wakes the user in a light sleep phase, and provides insight into how sleep quality can be best improved. The company, known for its high growth, good profitability, and strong cash generation, is one of the world's most comprehensive sources for statistics on sleep and contributes to research and reporting on sleep worldwide.
Lars Berg, who has been serving as the chairman of Sleep Cycle since its inception, stated that it has been a pleasant assignment being the chairman of Sleep Cycle. He accepted the role with the understanding that he would lead the work of the board of directors through the Initial Public Offering (IPO) and a few years thereafter. Under his leadership, Sleep Cycle successfully listed on Nasdaq Stockholm under the ticker SLEEP.
Malin Abrahamsson serves as the Head of PR for Sleep Cycle AB, and can be contacted at press@our website or by phone at 46 73 972 6424. Per Andersson, the CFO and Head of Investor Relations, can be reached at per.andersson@our website or by phone at 46 70 939 5327.
The 2023 annual general meeting is a meeting of a company's shareholders to discuss and vote on important matters, such as the election of directors and the approval of the company's financial statements. At this meeting, the successor to Lars Berg will be announced. However, as of the current date, there is no publicly available or recent information regarding who will replace Lars Berg as the chairman of the board of directors in Sleep Cycle AB.
Sleep Cycle's head office is located in Gothenburg, Sweden, and the company has over two billion nights analyzed in more than 150 countries. For more information about Sleep Cycle, interested parties can visit the company's investor relations website or contact the company directly.
As Sleep Cycle continues to grow and evolve, it is clear that the company will continue to make a significant impact on the lives of people around the world. With its innovative sleep tracking technology and commitment to improving global health, Sleep Cycle remains a leader in the field of sleep health.
The incoming chairman, set to be announced at the 2023 annual general meeting, may bring fresh perspectives to Sleep Cycle's finance and business strategies, being a crucial figure in steering the company towards further growth and industry dominance in the field of sleep technology.
The new chairman, as a seasoned professional, will likely leverage their industry connections and finance acumen to secure investments, ensuring Sleep Cycle's continued success and global expansion in the health and technology sectors.
