Regulatory press release

Jerrod Chong, Yubico’s Chief Operating Officer, appointed as acting CEO

Yubico AB (“Yubico”) announces that Jerrod Chong, Yubico’s current Chief Operating Officer, has been appointed to serve as acting CEO. Mattias Danielsson will be stepping down from his role as CEO of Yubico.

"I am very pleased that Jerrod has accepted the role of acting CEO. With his extensive experience in cybersecurity and twelve years in senior leadership at Yubico, I am confident that he will lead Yubico on a continued path of growth and he will ensure Yubico maintains and strengthens its leading position. On behalf of the board, I also want to extend our sincere thanks to Mattias Danielsson for his hard work and significant contributions to Yubico’s development as a respected leader and colleague over sixteen years. We deeply appreciate his commitment to Yubico over the years", says Patrik Tigerschiöld, Chairman of the Board.

"Yubico is entering an exciting time. We provide solutions that decisively help our users address one of the biggest challenges in cybersecurity and digital identities. I look forward to working with Yubico’s strong team, the board and founders, and not least with our customers and partners, to further develop our offerings. Together, we will continue to build on Yubico’s position as a global leader in phishing-resistant authentication", says Jerrod Chong.

Mattias Danielsson comments: "Yubico has undergone tremendous development since I joined the company almost sixteen years ago; we have built a global standard for secure authentication, achieved a world-leading market position with our YubiKey, and multiplied our revenue many times over. I feel that this is the right time for new leadership, together with the rest of the team, to take the next step in this remarkable journey. I look forward to ensuring an orderly transition to my colleague Jerrod Chong".

Mattias Danielsson will help ensure a smooth and orderly transition of responsibilities and will continue to be available for guidance over the next six months.

About Yubico

Yubico (Nasdaq Stockholm: YUBICO), the inventor of the YubiKey, offers the gold standard for phishing-resistant multi-factor authentication (MFA), stopping account takeovers in their tracks and making secure login easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers, and internet accounts. Yubico is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering modern, hardware-based passkey authentication security at scale to customers in over 160 countries.

Yubico’s solutions enable passwordless logins using the most secure form of passkey technology. YubiKeys work out-of-the-box across more than a thousand consumer and enterprise applications and services, delivering strong security with a fast and easy experience.

As part of its mission to make the internet more secure for everyone, Yubico donates YubiKeys to organizations helping at-risk individuals through the philanthropic initiative, Secure it Forward. The company is headquartered in Stockholm and Santa Clara, CA. For more information on Yubico, visit us at www.yubico.com.