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Basemark Triples Its Revenue And Appoints Keith Silverang as CEO

By October 30, 2019 No Comments

New CEO Supports the Strong Growth of the Company in Automotive Software

Helsinki 30.10.2019 – Basemark Oy announced today that it has appointed Keith Silverang as CEO of the company, effective 1.1.2020. Silverang has served as a member of the company’s board since the spring of 2019.

Keith Silverang has built a successful executive career that included an 11-year stint as the CEO of Technopolis Plc from 2008 to 2019. He was the first non-Finn to lead a Nasdaq Helsinki listed company, and was the longest continuously-serving CEO on the exchange of the past 15 years.

“I’ve reached that point in my life when I know what I am capable of, and what my limits are, and I was in the fortunate position of being able to choose my next position. I wanted to do something completely different that combines an interesting and exciting new sector with people I really like, and the potential for massive global success. Basemark has all of those qualities, it has impressive blue chip customer base and has a unique combination of products and services business. It is an exciting foundation to build a great success story,” says Silverang, who has also made an investment in Basemark.

Basemark Chairman Tero Sarkkinen says hiring Silverang was a smart move, even though he comes from outside the automotive software sector. “Our sales will grow from 2.7 million euros in 2018 to 8 million euros this year and we expect this kind of growth to continue, so it was essential to find a CEO who knows how to manage growth and scale up the company. Keith is one of the most talented CEOs in Finland and has a track record in productizing services and creating efficient organizations which grow profitably year after year. We are excited to have him at the helm of the company,” says Sarkkinen.

About Basemark

Basemark Oy is a Helsinki-based company which provides software and services to the automotive industry. The company’s Rocksolid Engine-software suite is designed to facilitate the development of software for autonomous driving vehicles. Basemark has subsidiaries in Germany and the USA. For more information see our website at: https://www.basemark.com.

Basemark and Rocksolid are registered trademarks owned by Basemark Oy. Any other names mentioned in this release may be trademarked by other entities.

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