Elliptic Labs announced that Chairperson Tore Engebretsen has notified the Board of Directors of Elliptic Labs that he is resigning from the Board for personal reasons. Mr. Svenn-Tore Larsen will take over the role as Chairperson of the Board. Svenn-Tore Larsen has been a member of the Board of Directors of Elliptic Labs since 2015.

He holds extensive experience from the technology sector, most notably as CEO of Nordic Semiconductor for more than two decades. Mr. Engebretsen has been Chairperson of the Board since 2007, and the Board of Directors and management of Elliptic Labs wish to express their gratitude to Mr. Engebretsen for his contributions to the company over many years. According to the articles of association, the Board of Elliptic shall consist of four to seven members, and in addition to the new chairperson Svenn-Tore Larsen the Board now consists of Edvin Austbø, Berit Svendsen, and Ingrid Leisner.