BICO Group AB (publ) announced that following discussions with the board, the company's founders Erik Gatenholm and Hector Martinez are leaving the company after eight years. Erik Gatenholm and Hector Martinez, together with one other person, founded the company in 2016. Until November 20, 2023, Erik Gatenholm was also President and CEO of the company.

Since then, he has held a role as a senior advisor and remained a member of the Board of Directors. Hector Martinez was on the board until 2019 and has been CTO and since January 2022 Deputy CEO of the company until March 15, 2024. This announcement means that Erik Gatenholm has on March 15, 2024 left the role of senior advisor and that Hector Martinez has terminated his position as CTO and Deputy CEO.

Erik Gatenholm also announced that he will not stand for re-election to the board. Erik Gatenholm will leave the board at the general meeting on May 20, 2024.