The board of directors of QOCO Systems announced that Ilari Neitola, the company’s founder and current chief technology officer, has been appointed as the new chief executive officer, effective immediately. Neitola has resigned from his role as a chief technology officer and the chairman of the board. Current CFO and long-time Board member Lauri Jämsén has been elected as the new chairman.
Markku Nyman has decided to step down as CEO of QOCO Systems. Markku has served the company since November 2018 and as CEO since August 2020.
“QOCO has transformed from a high domain expertise consultancy driven business to a leading aerospace digitalization SaaS provider with a wider international customer base and QOCO is now ready to enter its next growth period. I was trusted the huge responsibility to steer QOCO the position where the company is today and I am proud and humble to say that together, with all the amazing people I have been honored to work side by side, we did it! QOCO’s journey will continue from here and as hard as it is when you truly love something, it is now beneficial to whole community – every QOCO employee, customer and partner – that I hand the steering wheel to the next person,” said Markku Nyman.
“QOCO is currently entering into the next phase of its growth strategy. Markku has built a solid foundation to continue, and we are forever grateful to him for his contribution to writing the Company’s story thus far. Markku will continue as a shareholder of the Company, by which he remains passionately committed to the success of QOCO. Our growing number of new contracts and customer base serve as a good indicator of the success of the current strategy. Significant investments in sales & marketing, customer success, and product development have accelerated our market entry activities. As one notable outcome of these investments, we will soon launch our newest product to support the aerospace market and the challenges of data exchange internally and with external partners.” said Neitola.