ADR Flash: New CFO appointed
Thinfilm has announced the appointment of a new CFO. Ole Ronny Thorsnes will join the company later this year and was headhunted from Nordic FMCG leader, Orkla, where he was VP of mergers and acquisitions. Previous experience at McKinsey focused on strategy, finance and operational topics. Ole Ronny Thorsnes’s background is similar to that of the outgoing CFO John Afzelius-Jenevall, who has been instrumental in Thinfilm’s rapid development and is leaving the company to return to his native Sweden for family reasons relating to his children’s education. The transition is to be smoothed by a period of overlapping consultancy from John Afzelius-Jenevall.Thin Film Electronics is an electronics group based in Norway. Co. is engaged in the development of printed electronics. Co. commercializes printed rewritable memory and creates printed system products that include memory, sensing, display and wireless communication. Co.'s products include memory labels, storing digital data on a thin, rewritable label; brand protection solutions, consisting of adhesive labels that generate a distinct forensic electrical signature; sensor labels, which sense information and store data; display labels, low cost display media to communicate the information stored in the ThinFilm Memory; and NFC Smart Labels.
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