Yubico Names Chief Operating Officer Jerrod Chong as Acting CEO

SINGAPORE, December 19, 2025 — Yubico (Nasdaq Stockholm: YUBICO), the cybersecurity company known for inventing the YubiKey and establishing a hardware-backed standard for phishing-resistant authentication, has appointed its current Chief Operating Officer Jerrod Chong as acting Chief Executive Officer. The announcement follows the decision by Mattias Danielsson to step down from the CEO role.

Patrik Tigerschiöld, Chairman of the Board, said the leadership transition places the company in experienced hands. “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.”

Chong, who joined Yubico in 2013 and has served across strategy, product and operational roles, said the company is well-positioned in a market where digital identity risks continue to escalate. “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.”

Reflecting on his departure, Danielsson highlighted the company’s transformation from a pioneering security startup to an industry reference standard. “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… I look forward to ensuring an orderly transition to my colleague Jerrod Chong.”

Danielsson will remain available to support the transition over the next six months.

Yubico, a modern cybersecurity company headquartered across the United States and Sweden, has built a global reputation for stopping account takeovers and simplifying secure login through its YubiKey hardware authentication devices, widely adopted across enterprises, governments and regulated industries.