(Oslo, Norway - December 12, 2023) The Board of Directors of Nordic
Semiconductor has appointed Vegard Wollan as new CEO of Nordic Semiconductor
ASA, as Svenn-Tore Larsen is stepping down after leading the company for more
than two decades. 

- I am immensely proud of what the Nordic team has achieved with bold technology
choices, innovative R&D and engineering, and the forging of strong long-standing
relationships with globally leading customers over the years, says Svenn-Tore
Larsen. 

- I am leaving a company with many opportunities and an exciting future, and we
are very pleased to announce that we have an accomplished leader like Vegard to
take over as I am stepping down. He is a prominent figure in the global
semiconductor industry, with an exceptional background as a serial entrepreneur,
adds Larsen.

The appointment of Vegard Wollan comes after a comprehensive international
search as part of a management succession program that was initiated in 2021 to
safeguard the long-term strategic development of the company. 

The Board of Directors wishes to express its gratitude to Svenn-Tore Larsen for
his invaluable contributions over two decades with the company. Larsen first
joined Nordic as a Board member in 2000 and was named CEO in 2002, leading
Nordic's journey from a small consulting company with less than USD 10 million
in revenue to a global semiconductor company with revenues of USD 777 million
last year and around 1,500 employees. 

- Svenn-Tore has played a key role in the development of Nordic Semiconductor
into a globally leading connectivity company since the turn of the millennium.
His contributions have been instrumental in earning Nordic its position as a
recognized  leader in both the Bluetooth low energy market and the emerging
cellular IoT market, says Birger Steen, Chair of the Board of Nordic
Semiconductor.

Larsen will be working until December 31, 2023 with Wollan joining on January 1,
2024. Incoming CEO Vegard Wollan started his career with Nordic VLSI, which
later became Nordic Semiconductor. As one  of the inventor team behind the AVR
microcontroller technology, Wollan in 1996 joined Atmel where he built a highly
profitable high-margin USD 1 billion revenue business as VP and General Manager
of the Touch and MCU Business Unit. Atmel was acquired by Microchip Technology
in 2016, and Wollan went on to establish Mywo. In 2021, Mywo was merged into
TouchNetix, a global innovation leader in touch technologies, where Wollan
currently is the CEO. 

- TouchNetix is on an exciting journey, and I am leaving a great company well
positioned for the future.  Now I am returning to my roots in Nordic, which has
grown to become an internationally recognized industry leader. I am impressed by
what Svenn-Tore and his team has created and hope to bring with me new
approaches to develop the organization and generate profitable growth in the
years to come, says Vegard Wollan. 

For further information, please contact:
Birger Steen, Chair of the Board - Nordic Semiconductor ASA
Phone: +47 900 88 222

Steel Ytterdal, SVP IR - Nordic Semiconductor ASA
Phone: +47 930 37 430

For media inquiries: 
Jan Petter Stiff - Capient AS
Phone: +47 99 513 891

About Nordic Semiconductor: 
Nordic Semiconductor has been a pioneer in ultra-low power wireless solutions,
from proprietary technologies for PC accessories to today's Bluetooth low energy
and multiprotocol products and long-range cellular IoT solutions. Nordic
Semiconductor is the clear market leader in the ultra-low power wireless
segment, serving a growing market in consumer electronics, wearables, building
and retail, healthcare and an increasing number of other verticals and
applications. Nordic Semiconductor (NOD) is a public company listed on the Oslo
stock exchange in Norway. 

For more information, go to www.nordicsemi.com 

The information in this announcement is considered to be inside information
pursuant to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5 - 12 of the Norwegian Securities Trading Act.


This stock exchange announcement was published by Pål Elstad, CFO, on December
12, 2023 at 07.00 CET.