Claes A. Hultman

Claes joined the Board as nonexecutive Chairman in May 1995.
In September 2003, he was additionally appointed Chief Executive, at which point he stepped down from membership of the Audit and Remuneration Committees.
With effect from 1 January 2005 Claes reverted to non-executive Chairman, at which point he resumed membership of the sub-committees of the Board.
Claes has executive management experience in a variety of organisations throughout Europe and the USA. From 1991 to 1998, Claes was Chief Executive of Eurotherm plc, a provider of industrial electronics equipment, and from 2001 to 2002 he was Chairman of Keystone Solutions Group plc, a provider of software for professional firms.
He is Chairman of Phototherapeutics Group Limited and, from 1 January 2005, Christie Tyler Limited.
Claes resigned as Chairman of Creandum AB, a Swedish technology fund, with effect from 11 March 2005.