K3 Business Technology Group plc announced that having managed the recent successful disposal of Starcom Technologies Limited, which has substantially strengthened the Company's financial position, and with the Company moving into a new phase of development, Adalsteinn Valdimarsson is stepping down as Chief Executive Officer and leaving K3. Chairman Tom Crawford assumes the role of interim Chief Executive Officer until the recruitment of a successor completes, a process that is already under way. These Board changes take immediate effect.