Biotec Pharmacon ASA's CEO Svein W. F. Lien has asked the Board to start a process to recruit a successor for him due to health issues. The Board has entered into an agreement with Mr. Lien and will start the recruitment process immediately. Mr. Lien is committed to continue in his full capacity as CEO until a successor is on board, at which time he will step down. He will then remain a support for the new CEO and the Board throughout the first quarter 2018.