Kenth Eriksson, co-founder and partner of Athanase Industrial Partners, has
joined the board of Zalaris ASA, after receiving a majority vote at Zalaris'
annual general meeting held in Oslo today. Athanase is currently the second
largest owner of Zalaris with 10.4 percent of the outstanding shares, after
acquiring an initial position in November 2018.

- We have experience from this industry and look forward to cooperating with
Hans-Petter Mellerud, the other owners and the leadership team. Zalaris' recent
drop in profitability is something we regard as temporary. We will support
management in their quest to restore profitability and organic growth, and also
when looking to acquire attractive business that can strengthen the product
offering or the geographical reach, says Eriksson.

Athanase, founded in 2014, is an engaged owner in public equities in which
opportunities exists for sustainable value creation. Mr. Eriksson has extensive
experience from international business including business process outsourcing
(BPO), and private as well as public equity. 

After holding various management roles at AB Electrolux, Eriksson co-founded and
was the CEO of Tradimus AB, a BPO-company with focus on order to delivery with
over 1 billion SEK in turnover. Together with Nordic Capital the company added
significant turnover through acquisitions including Personnec, a company similar
to Zalaris. Eriksson is presently a member of the board of Addtech AB and
chairman of the board of Concentric AB.

Hans-Petter Mellerud, the founder, CEO and largest shareholder of Zalaris with
15.4 percent of the shares, welcomes the new board member.

- Zalaris has seen 18 years of uninterrupted revenue growth since its inception
in 2000, and I'm happy that Athanase has identified the company as an attractive
investment. Athanase has a strong track record of value creation through active
ownership, and relevant experience from BPO and other industries. I look forward
to working with them, says Mellerud.

Local knowledge
Another new addition to the Zalaris-board is Corinna Schäfer, who has extensive
business experience from Germany representing sales to large customers, BPO and
software competence. Ms. Schäfer has 20 years of experience from digital
business in companies like wallmedien, meplato and WPS Management as CEO. 
As a German citizen, she brings valuable local knowledge and experience of the
largest single market for Zalaris both in terms of revenue and number of
employees, following the acquisition of the German HR outsourcing and consulting
company sumarum AG in 2017.

- We look forward to gain access to these new resources in the board room and
continue our journey of developing Zalaris into the leading European provider of
outsourcing and consulting services. Our mission is to maximize the value of
human capital through efficient digital processes, says Mellerud.

Following re-elections of all existing board members at today's AGM, the Zalaris
board now consists of Lars Henriksen (chair), Liselotte Hägertz Engstam, Jan M.
Koivurinta, Adele Bugge Norman Pran, Jon Erik Haug, Corinna Schäfer and Kenth
Eriksson.

For further information, please contact:
Hans-Petter Mellerud, Zalaris CEO 
Tel: +47 92 89 72 76 
hans-petter.mellerud@zalaris.com

About Zalaris ASA
Zalaris' mission is to help our clients maximize the value of their human
capital through excellence in HR processes. Our outsourced payroll, HR and
consulting services are delivered out of local language service centres in
Denmark, Finland, Norway, Sweden, Latvia, Lithuania, Estonia, Poland, Germany,
UK, Ireland and India. Zalaris' services utilize web and mobile based cloud
solutions powered by SAP and SuccessFactors. We are a certified SAP Business
Process Outsourcing (BPO) Partner. For more information about Zalaris, visit our
website at www.zalaris.com.

About Athanase Industrial Partners
Athanase Industrial Partners ('Athanase') is an engaged owner in public
companies in which opportunities exists for sustainable value creation through
structural, operational, financial and growth initiatives. Athanase works with
shareholders and management to creatively develop, rethink, challenge and
improve existing concepts, industries and structures. We focus on industrial
logic and operational excellence. Athanase was founded in 2014 by Stefan
Charette and former colleagues of a group of public investment companies. Prior
to being the CEO of these companies, Stefan Charette was the CEO of an
international industrial conglomerate. The team has worked together since 2006,
been an engaged owner in 31 public companies and has on average more than 20
years of experience. For more information, please visit
https://www.athanase.se/.

Attachments

  • Original document
  • Permalink

Disclaimer

Zalaris ASA published this content on 22 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2019 06:12:07 UTC