Augustsson Departs Cinnober, CFO Lenardos Named CEO

Stockholm-based Cinnober Financial Technology has appointed Peter K. Lenardos as Group CEO, replacing Veronica Augustsson, who is leaving the company after six years as CEO.

Augustsson has spent almost her entire career at Cinnober, which she joined as a programmer in 2002, holding positions including roles in technical sales and business development, and head of sales, before being named CEO in 2012 at age 33.

Lenardos has been Cinnober’s CFO since June, and served as a senior financial advisor to the company since April. He will also serve as acting group CFO in addition to Group CEO while the company searches for a replacement CFO.

Prior to joining Cinnober, Lenardos was a managing director in Royal Bank of Canada’s (RBC) London office, where he established the global market infrastructure and European diversified financials franchises, and developed C-suite relationships across the market infrastructure and asset management sectors. Before RBC, he was co-head of research and a diversified financials analyst at UK stockbroker Arden Partners, and was head of research at North Square Capital, served as head of European equity strategies and global head of research at Churchill Capital, and an investment banking senior associate at William Blair & Co.