Staffan Torstensson is appointed new CEO of ADDvise. The CFO and incoming CEO is leaving

The board of directors of ADDvise Group announces today that the chairman of the board, Staffan Torstensson, is appointed CEO of the company, effective September 1, 2024. In light of this transition, the board will convene an extraordinary general meeting in the near future to elect Per Åhlgren as board member and new chairman of the board of directors, effective October 1, 2024. The current CEO and board member Rikard Akhtarzand will serve as interim chairman of the board from September 1, 2024, until the new chairman assumes office on October 1, 2024. Staffan Torstensson will step down from his position as a board member in conjunction with his appointment as CEO.

Oliver Humlen, the company’s CFO and former incoming CEO is stepping down with immediate effect. The Board of Directors has concluded that necessary conditions for continued trust are no longer in place.

The search for a new CFO is ongoing and proceeding as previously communicated. Johan Irwe, currently VP Finance at ADDvise, will serve as interim CFO, effective immediately until a new CFO is appointed.

Staffan Torstensson has served as member and chairman of the board of directors of the company for 10 years. Staffan has over 20 years of experience in investment banking, mergers and acquisitions, and board assignments in listed companies, Staffan’s most recent position is the position of partner at Corporate Finance, Evli AB. Staffan is a board member in Tuida Holding AB, GB Tennis AB and Glase Energy AB. Per Åhlgren is the largest shareholder of ADDvise and has extensive experience with listed companies. He currently serves as chairman of the board of directors of Bong AB and Mangold Fondkommission and board member in Vestum AB.

For further information, please contact:

Rikard Akhtarzand, CEO
+46 (0) 76-525 90 71
rikard.akhtarzand@advisegroup.se

Staffan Torstensson, chairman of the board of directors
+46 (0) 70-433 20 19

Important information
This information is such that ADDvise Group AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact persons above, on July 17, 2024, at 19:45 CEST.

About ADDvise

ADDvise is an international life science group. Operating a decentralised ownership model, we develop and acquire high quality companies within the business areas Lab and Healthcare. The Group comprises more than 20 companies and generates annual revenues of close to SEK 2 billion. ADDvise is listed on Nasdaq First North Premier Growth Market. Mangold Fondkommission AB, +46 8 503 015 50, CA@mangold.se, is the company's Certified Adviser. More information is available at www.addvisegroup.com.