Bavarian Nordic A/S announces change in management

Bavarian Nordic announced today that Executive Vice President, Peter Wulff has chosen to seek new challenges outside Bavarian Nordic A/S. He will resign from his position at the end of July 2008 whereupon he will continue as consultant for the company.

Peter Wulff held the position as CEO and President of the company from its inception and until August 2007, where he took over the position as Head of Business Development. The company's success, from its inception and until the commercial breakthrough in 2007, where a large contract with the U.S. government was landed, can largely be attributed to Peter's efforts and contribution.

In future, business development will be an integrated part of the company's commercial organisation, headed by Nicolai Buhl Andersen.

CEO and President of Bavarian Nordic, Anders Hedegaard, said: "I would like to thank Peter for his contribution to Bavarian Nordic throughout the years. His work has been of great importance to Bavarian Nordic. We are pleased that he has offered his expertise and thorough knowledge about the international vaccine market to the company as a consultant going forward."