Addnode Group's Board of Directors has decided to appoint Johan Andersson as new President and CEO from the AGM on 4 May 2017. Johan Andersson is currently CFO of the Group and has been a part of the Group Management since 2007 with responsibilities for business development, acquisitions, communication and investor relations. Addnode Group's Nomination Committee will propose Staffan Hanstorp as new Chairman of the Board.

–        The timing is right to change leadership and for me to take on a new position. I will soon celebrate ten years as President and CEO of Addnode Group. As one of the major shareholders in the company and in my new positon as Chairman of the Board I will keep actively engage in overall strategic questions and support CEO. Addnode Group will get competent leadership in Johan Andersson, says Staffan Hanstorp.

–        Under the leadership of Staffan Hanstorp Addnode Group has tripled the turnover and given a good return to the shareholders. Both the Board and I are very happy that Johan Andersson will take on the assignment to lead the Group forward, says Addnode Group's Chairman of the Board Sigrun Hjelmquist.

–        It feels inspiring to take on the leadership for Addnode Group and based on a strategic development with good characteristics to create long term return to the shareholders. I look forward to continue the growth company journey and developing the business further, says Johan Andersson.

–        The Nomination Committee has unanimously assessed Staffan Hanstorp to be the most suitable candidate to lead the Board of Directors in the future and will propose him as Chairman of the Board on the next Annual General Meeting 2017. In addition to his ordinary tasks as Chairman, Staffan Hanstorp will continue to be engaged and work with the Company's strategy and be involved in further acquisitions of the Group, says Wilhelm Arnör, Chairman of the Nomination Committee.

Both Johan Andersson and Staffan Hanstorp are maintaining their current positions until the Annual General Meeting on 4 May 2017.

The information in this press release is such that Addnode Group AB (publ) must disclose in accordance with the Market Abuse Act and the Swedish Securities Market Act. The information was released on 26 October 2016, at 08:00 AM CET.