Techstep ASA: Changes to the Board - nomination of Michael Jacobs as new chairperson

Jens Rugseth will step down as chairperson of the Board and remain as an ordinary board member. The nomination committee of Techstep ASA ("Techstep") proposes that the current board member Michael Jacobs is elected as new chairperson of the Board.

“Being a chairperson requires close follow-up of the company, which is challenging from abroad. I am therefore very happy that Michael wants to take this position, as he brings valuable experience from transformation and executive positions in leading international technology companies. I remain very confident in Techstep’s strategy and future prospects. Especially in these times of economic uncertainty, the company’s value proposition is attractive to all organisations that are concerned with costs, sustainability and mobile security”, Jens Rugseth comments.

Michael Jacobs is the Executive Vice President of the Nordics at Crayon ASA. He has more than 30 years’ experience from extensive management positions from several international technology companies. He previously was the CEO of Fell Tech and before that he was the CEO of Atea Norway, where he improved its business performance and lead the transformation to more value-added services. He also served as the Managing Director of Microsoft Norway and the Managing Director for the Nordics at Dell. He has a degree from California Lutheran University and continuing education from, among others, Harvard University. He is a Norwegian citizen, living in Oslo, Norway.

Techstep will convene for an extraordinary general meeting (EGM) for the approval of the changes to the Board.

For further information, please contact:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.