Cyber Security 1 AB (publ) appointed Mr. Peter Gustafsson as Acting CEO to lead the company in the ongoing reconstruction process and to further stabilize the business. The Cyber Security 1 Board of directors have reached an agreement with the current CEO and Board member, Daryn Stilwell, to leave his assignment as CEO with immediate effect. Stilwell remains as a member of the Board and is available for consultation during a transitional period. The company's strategic focus remains unchanged and Mr. Gustafsson will initially put focus on completing the reconstruction process. Thereafter, the process of recruiting a new CEO will begin. Mr. Gustafsson is highly experienced in both financial restructuring and capital markets through his previous roles including Senior Partner at Deloitte and advisory roles at larger listed companies. Since July 27, 2020, he has held the role of Advisor to the Board of Cyber Security 1. Mr. Stilwell was elected as a member of the Board in June 2018 and took up the role of CEO of Cyber Security 1 in February 2020.