On May 26, Mr. Adrian Cristea stepped down as the CEO of RomReal Ltd. while remaining CEO of the operational company in Romania. Mr. Cristea wants his team to commit all their available time on RomReal's Romanian real estate operation, in particular regulation processes and sales activities. To facilitate this sharp management focus, the board decided on May 26 that the Chairman of the Board, Mr. Kjetil Grønskag, takes up the role as the company CEO.