I.A.R. Systems Group AB appoints Göran Hübinette as acting CFO

Stockholm, Sweden—February 23, 2021—I.A.R. Systems Group AB (publ) ("IAR Systems") today announces that Göran Hübinette has been appointed acting CFO as of March 1, 2021. As previously announced, Stefan Ström is leaving his position as CFO of I.A.R. Systems Group AB to retire. Göran Hübinette has worked in the company since 2018 as Global Accounting Manager & Business Controller and will during the appointment be part of I.A.R. Systems Group AB management team. During a transition period, Stefan Ström will continue in an advisory role to ensure a smooth handover. The work of recruiting a new CFO after Stefan Ström is ongoing.

About IAR Systems

IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. Since 2018, Secure Thingz, a provider of advanced security solutions for embedded systems in the IoT, is part of IAR Systems. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.

IAR Systems Group AB Contacts

Josefin Skarin, Investor Relations, IAR Systems Group AB
Email: josefin.skarin@iar.com

Stefan Skarin, CEO and President, IAR Systems Group AB
Email: stefan.skarin@iar.com

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