The board of SaveLend Group AB ("SaveLend Group" or "the Company") has today decided that Ludwig Pettersson immediately shall resign from his role as CEO of SaveLend Group, including applicable subsidiaries, due to illness.

The board will now initiate the search for a new CEO for the Company. During this period, Peter Balod, currently the Chief Commercial Officer of the Company, will also assume the role of acting CEO of the Company.

"Ludwig has impressed us all over the years with his tireless initiative and natural leadership style. He has been instrumental in bringing the Company to where it is today. We thank him for his outstanding performance as CEO. We also welcome Peter Balod as acting CEO during the period while we seek a new permanent CEO. Peter has extensive experience in the finance sector and in leading companies, which provides reassurance and stability to both employees and shareholders as well as customers," says Bo Engström, chairman of the board of SaveLend Group.