ADDvise Group

ADDvise Group has appointed Oliver Humlen as new CEO, effective September 1, 2024. He will succeed Rikard Akhtarzand who will take up the position as CEO of Your.Online, a European serial acquirer platform backed by Strikwerda Investments.

Rikard will remain a significant and long-term shareholder in ADDvise Group and is nominated to the Board of Directors by the Group's largest shareholder, Per Åhlgren, and Chairman of the Board and shareholder, Staffan Torstensson, at the annual general meeting on May 3, 2024.

"Constellation Software Inc. and Topicus.com have been two of the role models for my compounding strategy at ADDvise. To now become part of that space as a CEO and investor in Your.Online is a great opportunity. Working with global compounding-leaders like Robin van Poelje, Chairman of Your.Online and the majority shareholder Strikwerda Investments, CEO and Chairman of Topicus.com (a minority investment of Strikwerda Investments) and Board member of Constellation Software Inc., is truly exciting. Having lived and breathed ADDvise for the past 14 years, I am proud and happy to leave the Group on a strong footing and in very capable hands. I remain dedicated to the Group's continued development both as a significant shareholder and as a Board member", says Rikard Akhtarzand, CEO.

"It is difficult to overplay Rikard's role in the development of ADDvise. Through hard work, dedication, and a clear strategic vision, Rikard and his team have built a highly profitable life science serial acquirer with a strong corporate culture and ample runway for further growth. I want to thank Rikard for his contributions and look forward to his continued support as a shareholder and Board member, where ADDvise will benefit from valuable new perspectives", says Staffan Torstensson, Chairman of the Board.

"At the same time, I am delighted that Oliver Humlen has accepted the offer to succeed Rikard as CEO. Oliver has been close to ADDvise since late 2020, first in an advisory capacity and more recently as CFO. Since Oliver came onboard, he has excelled in his position and played a critical role in driving and refining the Group's capital deployment strategy", continues Staffan Torstensson, Chairman of the Board.  

"I am excited to take on the role as CEO and honoured by the confidence placed in me by the Board. I look forward to working alongside the team to deliver on the Group's growth strategy with the aim of creating sustainable and long-term value for our stakeholders", says Oliver Humlen, incoming CEO.

The search for a new CFO has been initiated.

Your.Online was founded by Strikwerda Investments in 2016 as a serial acquirer platform in the European online services market. The company has more than 1 million customers and generates EUR 250 million in sales through 45 acquired companies across Europe, operated in a decentralized business model.       

For further information, please contact:

Rikard Akhtarzand, CEO

+46 (0) 76-525 90 71

rikard.akhtarzand@addvisegroup.se

Oliver Humlen, CFO

+46 (0) 70-916 26 97

oliver.humlen@addvisegroup.se

Important information

This information is such that ADDvise Group AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the contact persons above, on May 2, 2024, at 14:00 CEST.

About ADDvise

ADDvise is an international life science group. Operating a decentralised ownership model, we develop and acquire high quality companies within the business areas Lab and Healthcare. The Group comprises more than 20 companies and generates annual revenues of close to SEK 2 billion. ADDvise is listed on Nasdaq First North Premier Growth Market. Mangold Fondkommission AB, +46 8 503 015 50, CA@mangold.se, is the Company's Certified Adviser. Additional information is available at www.addvisegroup.com.