The Board of Directors of Pexip Holding ASA appointed the Company's CFO, Øystein Hem, as interim CEO. Pexip's current CEO, Odd Sverre Østlie, will leave the company, but will be available at the Company's discretion for a period to come. The Pexip Board will now initiate a succession process. Meanwhile, CFO Øystein Hem has agreed to take on the role of interim CEO with immediate effect. Mr. Hem joined Pexip in 2018. He has extensive management and industry experience from Telenor and McKinsey.