$SIVE is now aiming to become the next $LITE, a US photonics giant.
They're re-centering their board around US executives + US photonics.
So the core board are now: US $GFS Executives and $CITI Executives, with the company run by UC Berkeley grads and $LITE executives.
The 3 members leaving were local Swedish/EU.
This is just a shift in strategy from focusing on developing local Swedish Semi environments:
To dominating the US/global photonics market. I'm not trying to discredit their service/background.
But in my view to focus around US/global photonics markets, it's likely optimal to have more US executives.
But they should all be proud for helping make $SIVE what it is today.