XXL ASA announced that after building a robust strategic plan, CEO Ulf Bjerknes has decided to leave his position in XXL after 11 months with the company. Chairman Øivind Tidemandsen will take up an operational and strategic role heading the daily operations. He founded XXL and is the large shareholder in the company with broad retail experience from establishing and developing several market leading retail concepts. Tolle Grøterud, Strategy and Investor Relations Director, will act as interim CEO and XXL will initiate a process of recruiting a new CEO.