Sleep cycle chairperson opts out of re-election in Sleep Cycle
Sleep Cycle Chairman Lars Berg Steps Down, Company Continues to Thrive
Lars Berg, the current chairman of the board of directors at Sleep Cycle AB, has announced that his tenure with the sleep tracking app will be coming to an end. Berg accepted the role in 20XX with the promise to lead the work of the board through the Initial Public Offering (IPO) and a few years thereafter.
However, as of the 2023 annual general meeting, Berg has declined re-election, and no verifiable public information is available regarding his successor. The search results do not provide any details about the leadership changes at Sleep Cycle AB.
Since its launch in 2009, Sleep Cycle has become the leading sleep tracking application, with millions of daily active users and over two billion nights analyzed in more than 150 countries. The app helps users fall asleep more easily, tracks and analyzes sleep during the night, wakes the user in a light sleep phase, and provides insight into how sleep quality can be improved.
Sleep Cycle is a significant contributor to global sleep statistics and research, and its mission is to improve global health by empowering people to sleep better. The company, headquartered in Gothenburg, Sweden, is listed on Nasdaq Stockholm under the ticker SLEEP.
For media inquiries, Malin Abrahamsson, the Head of PR for Sleep Cycle, can be reached at press@our website or by phone at 46 73 972 6424. For financial and investor relations, Per Andersson, the CFO and Head of Investor Relations, can be contacted at per.andersson@our website or by phone at 46 70 939 5327.
Lars Berg has been instrumental in the growth, profitability, and strong cash generation of Sleep Cycle. He expressed that it has been a pleasant assignment being the chairman in Sleep Cycle, and believes it is a natural time for someone else to take over his assignment.
Sleep Cycle remains one of the world's most comprehensive sources for statistics on sleep and continues to contribute to research and reporting on sleep worldwide. The company's commitment to improving sleep habits and global health remains unwavering, even as it undergoes leadership changes.
Finance and business professionals may closely watch Sleep Cycle to determine potential impacts on the global sleep tracking industry following Lars Berg's step down as chairman. With Berg's significant contributions to the company's growth, profitability, and cash generation, investors and industry analysts will be eager to observe any changes in Sleep Cycle's financial strategies and business model going forward.
