DENMARK - Nordic Capital's Nycomed announces new management structure

From May 2006, Kerstin Valinder will be senior vice president business development and international sales with responsibility for both business strategy, in-licensing and out-licensing.

Marketing and sales will become two separate functions, with Dick Söderberg appointed senior vice president marketing and Timo Tiivola senior vice president commercial operations Europe.

'This revision of roles within the management team is a recognition of the substantial growth that Nycomed is generating,' said Nycomed CEO Håkan Björklund.

Nycomed is a pharmaceutical company dedicated to meeting needs in Europe. The company provides hospital products throughout the region and general practitioner and pharmacy medicines in selected markets.In 2005, Nordic Capital acquired Nycomed from a group of investors. The transaction valued the company at approximately EUR 1.8bn.

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