Fashion brand and underwear company Björn Borg has appointed Magnus Teeling as the new CFO for the business.

Teeling, who was most recently CFO at listed IT company Tilgin, will take on the new position in January 2011, the company added.

Current CFO Johan Mark has “chosen to move on to another position outside the company”, leaving the post at the end of the year, Björn Borg said.