ComAp names new CEO

ComAp, a leading smart control solutions company for distributed energy resources, named Frederic Deman as its new CEO, effective from March 16.

Deman succeeds Peter Sandin, who has served as ComAp’s CEO and member of the Board of Directors since 2016. Sandin will continue to be an active member of the Board of Directors until June 30.

Fredric Deman (Image: ComAp)

“We are grateful to Peter for his exceptional leadership, under which ComAp established itself as a global leader in smart control solutions and more than doubled its revenues,” said Bill Parsons, chairman of the Board of Directors. “He has been one of the major contributors to the professional, global, and privately owned family company that ComAp is today. He also set ComAp on track towards a sustainable attitude – from the environment and how we can influence it with our clean energy solutions, to our people and local communities, and sustainable corporate governance,” adds Bill Parsons.

Deman joins ComAp as an experienced technology leader with a strong track record of successfully running and growing business and sales. His major career path is linked with Gemalto, an international digital security company, where he served in different roles in different Gemalto companies for 20 years. After acting as managing director in India and vice president in Singapore, he then became CEO of Netsize, a global SaaS Telecom service provider belonging to the Gemalto group. His most recent mission was in Thales (that acquired Gemalto), a global technology leader, where he served as a senior vice president of the IoT and Automotive Business Unit.

In addition to the new CEO, ComAp’s General Meeting of Shareholders also appointed a new CFO, Peter Jirasek, a senior financial executive with over 20 years of experience in finance and general management. Prior to joining ComAp, Jirasek was CFO for PFNonwovens and served in senior financial roles in several companies, including Delphi Technologies and Ferguson plc.