The Board of Directors of Fragbite Group AB (publ) has appointed Marcus Teilman as CEO, who will take up his position at the Annual General Meeting on 25 May 2022. Marcus Teilman is currently Deputy CEO and Head of M&A. Stefan Tengvall has informed the Board that he intends to step down from his role as CEO of the Company with effect from the Annual General Meeting on 25 May 2022. Stefan Tengvall has also informed the Nomination Committee that he is available for an operational role on the Company's Board.

Marcus was previously CEO of Acroud AB (publ) for eight years and is currently Chairman of the Board of Creddo AB and a Director of Mentimeter AB (publ).