Thomas Axelsson, who has long experience of managing companies within the medical device field, is taking over responsibility for the fertility area and the Vitrolife Group, and will be Acting CEO while the recruitment process is ongoing to find a permanent CEO.
As was announced on October 31, 2011, Magnus Nilsson will, after nine years as CEO of Vitrolife, in the time ahead focus on managing the subsidiary Xvivo Perfusion AB. Xvivo, with business in the organ transplant area, is now in an intensive and exciting phase of development that requires greater focus, and will be a more independent unit within the Vitrolife Group.
Thomas Axelsson, born in 1959, has amongst other things been CEO of Stille and Artema, and is Chairman of the Board of amongst other things Dipylon Medical AB (formerly CMA Microdialysis AB) and Airsonett AB. Thomas is also a member of the Board of MedCap AB, listed on First North.
“I have worked with Thomas on the Board of CMA and have great confidence in his experience and ability to lead Vitrolife,” says Magnus Nilsson.
“We now have a solution in place that we are very pleased with. Magnus can concentrate to the full on working with our transplantation area, while Thomas with his competence and experience of managing medical device companies will work to drive the fertility area and the Vitrolife Group forward while we recruit a permanent CEO,” says Patrik Tigerschiöld, Chairman of the Board.
The work on finding a new permanent Director of the fertility area and CEO is ongoing.
Gothenburg, November 17, 2011
VITROLIFE AB (publ)
Chairman of the Board
Queries should be addressed to:
Patrik Tigerschiöld, phone 46 8 614 00 22
Thomas Axelsson, phone 46 31 721 81 48
Magnus Nilsson, phone 46 31 721 80 61
Vitrolife is required to publish the information in this press release in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on November 17, at 8:30 a.m.
This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.