Thin Film Electronics ASA : Thinfilm expands and strengthens management team

 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,

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.


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.
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For more information, please contact:

Thin Film Electronics ASA
Heidi Arnesen
Communications Manager
+47 95 93 73 99


Gambit Hill + Knowlton Strategies
Knut Ekern
T +4722048200
M +47 93002600

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.

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Source: Thin Film Electronics ASA via Thomson Reuters ONE
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