Terranet appoints new CEO

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Swedish company Terranet, which is developing its BlincVision ADAS technology, has appointed Magnus Andersson as its CEO of the company. Andersson has over 20 years of international experience in successfully building and leading fast-growing tech companies in the automotive industry and energy sector. He most recently held the position of CEO of transportation tech company Pilotfish, which provides a cloud-based platform for vehicle communication to the public transportation sector.

Terranet’s chairman, Anders Blom, commented on the appointment. “With Magnus Andersson, Terranet gets a CEO with extensive experience in scaling and creating profitability for technology-intensive companies in a Swedish as well as an international context. He knows our industry, has a vast international network and is a great leader with a documented ability to deliver results. I’m fully convinced that Magnus is just the right person to lead Terranet forward in the intensive phase we are in right now, where our main priority is to develop and launch the BlincVision system for the automotive industry.”

Andersson added. “We live in a world that is now undergoing major change and where autonomous vehicles are approaching rapidly. In the light of this, I feel an incredible optimism but also a great responsibility as the new CEO of Terranet. The company possesses a technology at the absolute forefront that can enable countless lives to be saved in traffic every year. It is with great confidence that I look forward to commercializing the technology that can once again give Sweden a leading position in security innovation.”

Andersson will assume his new position by September 1 at the latest.

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Lawrence has been covering engineering subjects – with a focus on motorsport technology – since 2007 and has edited and contributed to a variety of international titles. Currently, he oversees Automotive Powertrain Technology and Professional Motorsport World magazines as editor.

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