The Board of Directors of Ovzon has appointed Magnus René CEO of Ovzon. The present CEO, Per Wahlberg, will assume a position as Executive Vice President, Business Development. Per Wahlberg is the founder and CEO over the 12 years since the company inception.

Per Wahlberg and the Board of Directors of Ovzon have agreed to the changes and when the company now enters into a new phase this change will allow Per to concentrate his time on what he enjoys most and what is his strength, i.e. business development and innovation. Magnus René has been a director of Ovzon since May 2018 and will as CEO help accelerate the industrialization of Ovzon's offering as well as optimizing the organization in support of the business plan. Magnus René has a background in international technology industry, most recently as CEO of Arcam 2001-2018.

Arcam was publicly listed on Nasdaq Stockholm 2012-2018. During Magnus' time at Arcam the company grew from a start-up to a global operation with international high-profile customers. Arcam was acquired by GE in 2017.

Magnus René lives in Boston since 2015 and will remain Boston based. He will also remain a director of the board. Magnus' initial assignment is for 18 months.