I-Tech AB?s CEO Philip Chaabane will after ten years as the company?s CEO, be proposed as the new Chairman of the Board of I-Tech AB. This means that he will leave as the company's CEO in connection with the Annual General Meeting (AGM) on 16 May 2024. The recruitment of a new CEO has commenced.

The company?s current CFO Magnus Henell will, if necessary, step in as acting CEO for the period after Chaabane?s resignation until his successor takes office. Philip Chaabane has been CEO of I-Tech AB since 2014, and during his term of office has been part of developing the company from a start-up to a fully commercialised and profitable biotech company in the anti-fouling industry. The company?s current repeat customers include some of the world?s leading paint manufacturers, and for 2022 I-Tech reported profit before tax of SEK 13.4 million.