Jones Lang LaSalle

MaXware Hires New CEO, Aims to Expand

MaXware AS, a global identity-management specialist in Norway, has tapped Stale Svenning as its new president and CEO to succeed founder Tore Wold, who has shifted his focus to the company’s Asia-Pacific business. The privately held company based in Trondheim, Norway, is also growing its global workforce, particularly its North American base in New Jersey, with plans to more than double its headcount to 100 by year-end.

Svenning, who has some 15 years of executive management and business-process reengineering experience including stints at McKinsey & Co. and Deloitte and Touche, most recently served as COO at Norway’s SpareBank 1 Midt-Norge. "His track record driving mid-stage companies to the next level of business success, complemented by his industry knowledge, makes him the ideal leader to take MaXware's helm," said David Chartier, chairman of MaXware's board.

Jeanette Morales, who was recently hired as vice president, global marketing, told NJBIZ that the company is moving its North American base from Freehold to Edison in a few weeks to accommodate expansion plans. She said most of the recruiting will take place in New Jersey, and is focused primarily on marketing and sales positions.

MaXware aims to help businesses handle digital identity management, helping them manage "who has access to what," said Morales. - Ki Kim