K3 Chief Eexcutive Officer Adalsteinn Valdimarsson Steps Down

​K3 Business Technology Group, a provider of business software and cloud solutions, announced Adalsteinn Valdimarsson is stepping down as Chief Executive Officer and leaving K3, effective immediately. 

As seen on his LinkedIn profile, Adalsteinn joined K3 in 2016, initially as a non-executive director, and was subsequently appointed as Chief Executive Officer. Prior to joining K3, he was Product Director at LS Retail, a world-leading developer and provider of unified POS and business management software for retail and hospitality, where he had been with this company for over 8 years.

Adalsteinn is a graduate of University of Iceland with a bachelor degree in Electrical Engineering and holds a MBA from IMD Business School.

Adalsteinn Valdimarsson said: "K3 has significant growth potential and with the business on a firm financial footing, I am confident that it will thrive under new leadership.  I would like to thank all my colleagues for their commitment to the Group, and wish them every success for the future as they take the business forward."   

Tom Crawford, Chairman and interim Chief Executive Officer, said: "Adalsteinn has made a significant contribution to K3 over the last five years, and shown tremendous dedication. He is respected by the Board and staff alike, and we would all like to thank him for his hard work and commitment. "