Thin Film Electronics ASA : Thinfilm expands and strengthens management team Company appoints John Afzelius-Jenevall as CFO; adds Vice Presidents for Sales and Business Development in Europe and Japan Oslo, 1 July 2013 - Thin Film Electronics ASA (Ticker: THIN.OL, "Thinfilm") today announced changes and additions in key management personnel. John Afzelius-Jenevall, most recently Vice President, Corporate Development, Orkla ASA, is joining Thinfilm as Chief Financial Officer, beginning August 1, 2013. Afzelius-Jenevall has previously served as Portfolio Manager at Catella Capital Management and at Nordea Investment Management, and was awarded the silver medal in the distinction 'Star Manager of the Year' by Morningstar. He brings significant financial experience, including prior work in Strategy and Mergers & Acquisitions. Afzelius-Jenevall completed his MS in Engineering at the Royal Institute of Technology, Stockholm. He is also a CFA charterholder with a BS in Economics. Torgrim Takle, Thinfilm's current CFO, will cease his position effective July 31st 2013 and take up the position of CFO at Crayon Group. Thinfilm takes this opportunity to thank Torgrim for his significant and valuable contribution as CFO at Thinfilm since March 2011. Thinfilm is also pleased to announce the addition of two regional Vice Presidents reporting to Jennifer Ernst, Executive Vice President, Global Sales and Business Development. Kai Leppänenjoins the company as Vice President, Business Development and Sales for Europe.Previously,Leppänenspent over 8 years at Opera Software ASA,most recently as SVP of Tier 1 Business-to-Business Accounts, where he helped the company become theworldleader in mobile Internet browsing. Prior to Opera, Leppänen was Business Development manager at Symbian, and Project Manager at GP Bullhound, a leading London-based investment firm. KaiLeppänenholds an MSc in Information Management from South Bank University, and a BS in International Business from Greenwich University, London. Koji Katsumoto, who initially joined Thinfilm in January 2013, has been promoted to Vice President for Sales and Business Development, Japan.Earlier this year, Thinfilm established Thin Film Electronics KK as its subsidiary in Japan. As Vice President, Katsumoto is managing increasing customer engagements within the region. Prior to joining Thinfilm, Katsumoto worked as Regional Sales Manager, at Ingersoll Rand, and as Sales Director at Zentrum Mikroelektronik and Honeywell Sensing and Control. ABOUT THIN FILM ELECTRONICS ASA Thin Film Electronics ASA (Ticker: THIN.OL) is a leader in the development of Printed Electronics. The first to commercialize printed rewritable memory, Thinfilm is creating printed system products that will include memory, sensing, display and wireless communication-at a cost-per-functionality unmatched by any other electronic technology. Thinfilm's roadmap of system products integrates technology from a strong and growing ecosystem of partners to enable the Internet of Things by bringing intelligence to disposable goods. Company headquarters are in Oslo, Norway, with product development in Linköping, Sweden, sales offices in San Francisco, USA, and Tokyo, Japan, and manufacturing in Pyongtaek, South Korea. http://www.thinfilm.no/ Follow us on Twitter:http://www.twitter.com/ThinfilmMemory Follow us on LinkedIn:http://www.linkedin.com/company/thin-film-electronics For more information, please contact: Thin Film Electronics ASA Heidi Arnesen Communications Manager +47 95 93 73 99 firstname.lastname@example.org http://www.thinfilm.no or Gambit Hill + Knowlton Strategies Knut Ekern T +4722048200 M +47 93002600 email@example.com http://www.hkstrategies.com This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Thin Film Electronics ASA via Thomson Reuters ONE HUG#1713050
Thin Film Electronics ASA : Thinfilm expands and strengthens management team
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