Adevinta ASA announced that Rolv Erik Ryssdal informed and agreed with the Board that he will retire as CEO and leave the business by February 2023 when the Group will release its 2022 annual results. With him turning 60 in the year 2022, he believes that now is the right time to start to plan his departure from the company. Rolv Erik has been with the business since 1991, successfully leading the spinoff of Adevinta from Schibsted and the acquisition of eBay Classifieds Group.

He will continue to execute on Adevinta's strategy as presented at the Capital Markets Day and lead the integration of the eBay Classifieds business through the separation from eBay.