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LabVantage Solutions has named Mikael Hagstroem, a digital transformation veteran, as chief executive officer

LabVantage Solutions, Inc. announced the appointment of Mikael Hagstroem as Chief Executive Officer. Mikael Hagstroem brings almost 30 years of experience as a pioneer and expert in the field of digital transformation to LabVantage. He helps global companies leverage data and analytics to reshape their business models, achieve better performance, and create long-term, sustainable advantage.

In his 25 years at the SAS Institute, Mikael Hagstroem helped build the analytics software powerhouse into a multi-billion dollar company that is one of the world's largest privately held software companies. His customer orientation and his success in consistently increasing sales and profits led to tasks with increasing responsibility. Ultimately, he held the positions of Executive Vice President of SAS and President of SAS International, with P&L responsibility for more than half of the company's total revenue.

Hagstroem then became a partner at McKinsey & Company and Chief Operating Officer of McKinsey Analytics, helping the company develop and scale new delivery models for analytics and artificial intelligence (AI). Most recently, he was CEO and President of MetricStream, the world's largest independent provider of governance, risk, and compliance products and solutions, where he led the move to a Software-as-a-Service (SaaS) model that integrated Introduced a risk management platform and advanced the integration of AI functions into the platform.

A well-respected strategist and opinion leader in the fields of analytics, digital transformation and AI, Mr. Hagstroem currently serves on the Board of Advisors of the AI ​​Forum and was chairman of the Global Agenda Council on Data-Driven Development of the World Economic Forum, a member of the Executive Committee of the U.S. Council for International Business and board member of the Atlantic Council. He is also the independent director of Planet Smart City, which integrates architectural, digital and environmental solutions to create high quality, affordable housing.