Orc Software has recently lost a number of key people within the product development department, causing turbulence in parts of the organization and exposing a lack of confidence in the present CEO.
After consulting the Board, Jonas Lindstrom has decided to leave his post as CEO of the Swedish company. He has been succeeded by Lars Johansson, who was executive vice president.
“Orc Software has with the support of the Board gone through a substantial change during the past year. This change has contributed to a conflict building up within the company’s product development department,” Lindstrom said. “After consulting the Board, I have decided to leave Orc Software in order to safeguard the commitments of the company in the short term.”