As of June 17, 2013 Steen Ulrik Madsen will assume the position as Vice President, Business Development, of Aquaporin A/S. Steen Ulrik Madsen will be heading the company's newly established Business Development Department in Copenhagen. Steen Ulrik Madsen will play an important role in the process of transforming Aquaporin from an entrepreneurial business into an international, commercial product organization. The new Vice President will be hands on responsible for bringing the company's first product to the market in 2014.