Fragbite Group AB (publ) announced that CEO Marcus Teilman informed the board of directors of that he wishes to terminate his employment. The board has accepted his request and appointed Chairman Stefan Tengvall as interim CEO. Today, Marcus Teilman has chosen to step down from his role as CEO of Fragbite Group as he intends to pursue new challenges.

Marcus will be available to the company during a transitional period and will provide support to Stefan Tengvall. Stefan Tengvall's role as chairman will be assumed by current board member Sten Wranne, as Tengvall takes on the position of interim CEO.