Fly Play hf.?s Board of Directors and the Company?s CEO, Birgir Jónsson, signed an employment termination agreement on March 17, 2024. Einar Örn Ólafsson, the Company?s current chairman of the board, will assume the role of PLAY?s CEO. Fly Play hf.?s Board of Directors has hired Einar Örn Ólafsson as the Company?s new CEO.

Einar Örn is one of PLAY?s shareholders and has been chairman of the board since April 2021. He has rescinded his candidacy as a board member for the election of a new board at the Company?s Annual General Meeting on March 21, 2024. Einar Örn has been involved in the operation of numerous companies, both as an investor, executive and board member.

He is Terra hf.?s Board Chairman and was previously the CEO of both Fjarðarlax and Skeljungur, as well as having extensive experience in capital markets. Einar Örn graduated with an MBA degree from NYU, Stern School of Business in 2003 and holds a B.Sc. degree in industrial engineering from the University of Iceland.

Birgir will continue to work for PLAY until April 2, 2024, and will remain as an advisor for the Company for the next few months.