ADDvise Group AB (publ) announced that Oliver Humlen, the company's CFO and former incoming CEO has been notified of a suspected minor drug offense, which he denies. No other employee at ADDvise has attended the same event or is under suspicion. The board of directors is taking this situation seriously and has concluded that there is no basis for continued trust considering the suspicion.

As a result, the board of directors has decided to terminate his employment effective immediately. The search for a new CFO is ongoing and proceeding as previously communicated. Johan Irwe, currently VP Finance at ADDvise, will serve as interim CFO, effective immediately until a new CFO is appointed.