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Chief Technology Officer steps down from his role in Penneo

11:16 / 20 January 2022 Penneo Press release

Company Announcement No. 3-2022
Copenhagen, 20 January 2022

Chief Technology Officer (CTO) and co-founder Jan Flora steps down from his role in Penneo as of June 2022. Jan Flora's shares and warrants remain under lock up as per the IPO document.

Chairman of the Board, Christian Sagild comments on Jan Flora's resignation: "On behalf of the Board, I would like to thank Jan Flora for his contribution as CTO of Penneo. Jan Flora has been instrumental in shaping the technological vision of Penneo and building up a strong product and a strong team". 

The technological development will continue and Jan Flora's responsibilities will be distributed to Penneo's Director of Engineering, Jesús Otero and Director of Product, Christoph Dargel. 

As of February 2022, Jan Flora steps down from the Executive Board. Consequently, the Executive Board consists of CEO Christian Stendevad.

About Penneo A/S

Penneo is a Software-as-a-Service (SaaS) provider originally established to help companies with digital document signatures. Penneo was founded by six Danish entrepreneurs, who joined forces with a shared ambition to reduce the "hassle of getting documents signed" by replacing pen and paper with a digital alternative. This new digital "pen" (Pen-neo) was launched in 2014. Today, Penneo has evolved into an eco-system of automation solutions that digitize company workflows in connection with onboarding of customers (KYC) and secure and easy signing and management of documents. The company offers a RegTech solution that gives companies an efficient and inexpensive tool for complying with regulatory requirements . Penneo holds a strong position in the Nordic countries. In Denmark alone, more than 740,000 individuals signed documents electronically with Penneo in 2021. 

For more information about Penneo, please visit:

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