07.04.16 Announcement

Former Tetra Pak Executive to Lead Kezzler at a Time of Significant Growth

Oslo, Norway – April 7, 2016 — Kezzler AS, a leader in serialization business services, today announced the appointment of Thomas Körmendi as the company’s new chief executive officer.  Mr. Körmendi brings more than 20 years of relevant experience to the packaging and consumer goods industries.

“As we enter a tremendous growth period for Kezzler, the Board of Directors welcome Thomas’ deep international experience and leadership to Kezzler,” said Arve Johansen, chairman of the Board. “In his role as CEO, he will be responsible for delivering against our strategic business plan and to build on the significant momentum the company is currently experiencing. His results-oriented approach and ability to think strategically will play a pivotal role in extending our track record of innovation, while helping us grow toward profitability in 2017.”

“I am very excited to join Kezzler as I believe the technology platform could become the backbone of global serializations strategies, whether that is with key packaging companies such as Amcor or among global consumer brands. The Kezzler product portfolio has been tested and proven in some of the most regulated industries in the world, including Pfizer’s Viagra and Roche’s key cancer products. A key differentiator from other serialization technologies is the fact that, at a fraction of the cost and data foot print of competing database systems, Kezzler’s encryption technology solution connects products and people with the scalability and security never been seen before,” said Mr. Körmendi.

Mr. Körmendi has worked extensively in the packaging industry and has an excellent grasp of the entire value chain of global companies, including supply chain issues and manufacturing operations.  Most recently he was president and CEO at Relacom, a Swedish technology service company. Prior to that, he spent 18 years at Tetra Pak in roles of increasing responsibility. Tetra Pak is the world’s leading food processing and packaging solutions company.

From 2006 to 2010 he served as vice president and head of North Europe, from 2003 to 2005 he was the managing director of Tetra Pak Turkey and Caucasus, and from 1998 to 2002 he served as managing director at Tetra Pak Hungary. He has also served as general manager for Tetra Pak in Bulgaria and vice president for Food, Fats and Oils at Tetra Laval in Sweden. He has held brand management positions at Procter & Gamble Nordic. Mr. Körmendi earned his Masters in Business from the Copenhagen Business School.