Barcelona, November 6 2024 – Fractus today announced a leadership change aimed at advancing its strategic goals and strengthening its market position in the IoT industry. Ruben Bonet, who has served as CEO for 25 years, will step down from his role and take on the position of Executive Chairman. The Board of Directors is pleased to appoint Jordi Ilario as the new Chief Executive Officer, effective October 21.
Ilario has been with Fractus since 2005, playing a vital role in building and expanding the company’s licensing activities. His contributions have been instrumental in developing and directing the operations of the company’s global licensing programs. Known for his strategic dedication, Ilario has consistently demonstrated the vision and leadership needed to identify new business opportunities, lead high-level negotiations, and secure pivotal licensing agreements with prominent technology companies around the world.
Bonet, who led the company through significant milestones and transformative growth phases generating licensing revenues near $250M, will continue to provide guidance in his new role as Executive Chairman. This change marks an exciting new chapter for Fractus as it positions itself to adapt to evolving market dynamics while remaining firmly committed to its mission of driving innovation and delivering value to its clients, partners, and shareholders.
“Jordi Ilario’s extensive experience, combined with his understanding of Fractus’ strategic objectives, makes him the ideal leader to guide the company into a new era of growth and opportunity,” said Ruben Bonet. “Under his leadership, Fractus is poised to expand its reach and continue delivering exceptional results to its stakeholders.”
Ilario expressed his enthusiasm for the future of Fractus, stating, “It is an honor to take on this role and build upon the strong foundation laid by Bonet. I look forward to working closely with our talented team as we embrace new opportunities and drive forward Fractus’ vision for the future.”
With this leadership transition, Fractus underscores its commitment to innovation and value creation. The company is well-positioned to seize emerging opportunities, deepen partnerships, and deliver sustainable growth for its shareholders.
