Festi hf. and Ymir Orn Finnbogason have reached an agreement that he will retire as Managing Director of N1 as of June 27, 2024 and step out of Festi's Executive Management at the same time. Ymir Orn has worked as Managing Director of N1 since June 2023.

Asta S. Fjeldsted, CEO of Festi, will act as Managing Director of N1 until a replacement is found as the position will be advertised in the coming weeks.