K3 Business Technology Group has appointed Adalsteinn Valdimarsson as the company's chief executive.
Valdimarsson , who joined K3 on 11 July as a non-executive director, will take up his new position on 1 October. He takes over from David Bolton who will step up to assume the role of executive chairman and Lars-Olaf Norell will return to the position of non-executive eirector, as previously announced.
Valdimarsson has over 20 years' experience in the software industry and has founded and led the expansion of a number of product-based software companies. In addition, he has significant experience in retail software and the Microsoft Dynamics platform.
The board is also making new appointments and changes to the senior management team, which will help to support the Group's long term growth plans. Further announcements will be made as appropriate.