Economist Björn Konradsen, B.Sc. (Econ) has been appointed as the new Chief Financial Officer at Morphic Technologies AB. Mr. Konradsen begins his duties in April 2007.

The CFO will be responsible for financial governance and profitability issues, among other things, while the current Chief Administrative Officer will retain responsibility for the Group’s accounts.

“Employing a Chief Financial Officer will make the financial department more effective. A financial officer in addition to our Chief Administrative Officer, Helena Nilsson, is necessary in order to reach our goal of having a turnover of BSEK 2 in 2008/09,” says Jonas Eklind, CEO of Morphic Technologies AB.

Mr. Konradsen is currently the CFO for engineering company, Bharat Forge Kilsta AB and its subsidiary, Bharat Forge Scottish Stampings Ltd. These companies employ a total of 580 people and have a turnover of approximately 1400 MSEK. Björn Konradsen says:

”I hope to use my experience in economic governance systems, corporate profitability, change management and strategy to contribute to quick and cost-effective development of the Morphic Group.”

Björn Konradsen was born in 1967 and is a trained economist from the University of Karlstad.