Summary by Moomoo AI
Neonode has appointed Peter Kruk to its Board of Directors as a Class II director effective October 7, 2024, expanding the board from four to five members. Kruk, currently serving as CEO of NCAB Group AB, brings extensive experience in global industrial leadership, particularly in the automotive electronics sector.Kruk's professional background includes serving as President of EMEA region at Dometic Group (2018-2020) and President of Electronics at Stoneridge Inc. (2009-2018), where he was part of the executive management team. As a board member, he will receive annual compensation of $25,000 in accordance with the company's Non-Employee Director Compensation Policy.The appointment strengthens Neonode's leadership team with Kruk's automotive industry expertise and general management experience. Neonode, established in 2001, specializes in advanced optical sensing solutions and currently has its technology deployed in over 90 million products with more than 100 patents worldwide.
