The Chairman of the Board, Dr. Daniel Kohler underlined: “TBS has been through an important growth and consolidation during the recent years, and I thank Alex for his invaluable contribution. The next phase of our global growth will be led by Stefan Schaffner, who brings along many years of experience in the security industry. We are excited to welcome him and look forward to this new expansion chapter for TBS”. Stefan Schaffner has 25 years of experience with Skidata, global experience, and, most recently, served as CEO of Johnson Controls Switzerland.

Alex Zarrabi noted: “It has been an extraordinary privilege to lead such a trail-blazing team for all these years and see TBS transform into a global industry leader. Stefan is highly experienced, and the right person to take TBS to the next level and further scale the company. I am glad for TBS, our partners, and customers alike”. Alex will serve as CEO of Alpine Switzerland - a company he founded prior to joining TBS. Both companies are aiming at future collaboration.

Stefan Schaffner said: “I am thrilled to join such a global leader. Many growth opportunities lay ahead of us and I look forward to working with the team to multiply our footprint and deliver further cutting-edge innovations to our partners and customers worldwide.” Stefan Schaffner will join TBS on February 1st, 2022.