modum.io AG appoints Simon Dössegger as CEO

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modum.io AG, an emerging leader in blockchain-powered data-integrity services for supply chain operations, has appointed Simon Dössegger as its Chief Executive Officer. Malik El Bay, a co-founder of modum.io, will step down as the current CEO to pursue new opportunities.

By appointing Simon Dössegger as CEO, the modum board of directors ensures a successor with a proven track record: leading a sensor start-up from a product prototype to market entry, commercial production, and mass commercialization. Simon, 31, holds a Master’s in Robotics Engineering from ETH Zurich. He led Skybotix, an ETH spin-off, serving as CEO for 2.5 years, after which it was acquired by American action-camera maker GoPro. At GoPro, Simon held a senior product and technology management role and expanded his knowledge with valuable experiences in the multinational, publicly-traded company, while helping to scale operations locally.

“Simon is going to take modum.io to the next level,” said Werner Spörri, chairman of modum.io. “His experience in scaling high-tech start-ups, his passion for driving product management at a global scale, and his authentic team spirit, make him an extraordinary fit for modum.io.” Spörri continued: “His experience leading a new team as they enter the market make him the right person to lead modum.io to the next stage of growth after closing a successful token sale, raising more than USD 13M.”

“I’m incredibly excited and honoured to join the modum.io team, who have, in a short period of time, caused an exciting disruption in supply-chain operations. Together, we will position modum to execute on our milestones and drive the company to profitability,” said Dössegger. He added, “modum.io has a rare combination of incredibly talented people, a culture dedicated to product innovation, momentum in the market, and a product connecting several thriving technology sectors.”

Malik El Bay, who will step down as CEO at the end of September, expressed his full confidence in the board’s choice:

“Simon is a remarkable leader who will, with certainty, drive modum.io’s ongoing success.” El Bay remarked, “I’m very happy with the board’s decision, and I’m confident that under Simon’s leadership modum.io will lead the deployment and adoption of blockchain technology in the global supply chain.”

Malik El Bay, an experienced entrepreneur, has initiated a number of start-up projects over the last several years. His experience and efforts have paved the way for modum’s successful market entry. He is eager to take on new challenges and continuing to bring big ideas into reality.

He will will continue to support as an advisor and remains committed to supporting the modum team execute its vision:

“…to improve supply-chain operations with blockchain technology.”

Werner Spörri added:

“Malik has been an outstanding leader and deserves a lot of credit for modum’s accomplishments to date. We are forever grateful for his contribution and wish him best of luck for his new adventures.”

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