Carbiotix AB (publ) announced that the Company will reorganise its management team and Board in conjunction with the Annual General Meeting ("AGM") on the 21st of April to accelerate growth. Chairman of the Board Jonas Danielsson and co-founder Peter Falck will step down as Board members. Kristofer Cook will step down as CEO and is proposed to become Chairman of the Board and continue to support the Company in the areas of sales and business development.

COO Erik Deaner will become the new CEO of Carbiotix. Replacements for Jonas Danielsson and Peter Falck on the Board will be announced in conjunction with the invitation to the AGM distributed at the end of March. The current Chairman of the Board Jonas Danielsson will step down as a Board member due to conflicts with a new operational role he will be starting at a different company.

Carbiotix co-founder Peter Falck has decided to step down as a Board member due to time limitations as a result of other start-up projects and a realisation that the Company has entered a commercialisation phase where extensive industrial experience is needed on the Board. Kristofer Cook will step down as CEO and follow a long-term plan to become Chairman of Board, while continuing to support Carbiotix in the areas of sales and business development. COO Erik Deaner will follow a succession plan and take on the role of CEO, also retaining his responsibilities as COO.