Oslo, Norway ,27 May 2020 -Thin Film Electronics ASA ("Thinfilm"), a provider of ultrathin, flexible, and safe energy storage solutions for wearable devices, connected sensors, and beyond, is making a change to its senior leadership team. As part of the further restructuring of Thinfilm,Mallorie Burak will step down as Chief Financial Officer. "I would like, along with the Board, to extend our appreciation to Mallorie for her leadership contributions to our Company since becoming CFO. We wish Mallorie all of the best in her future endeavors", saysKevin Barber , CEO of Thinfilm. Thinfilm has appointedDavid Williamson as acting Chief Financial Officer with effect from28 May 2020 .Mr. Williamson will serve on an interim basis pending Thinfilm's appointment of a permanent CFO.David Williamson joined Thinfilm inFebruary 2020 . He is an experienced financial executive with years of VP and Sr. Controller experience working at large public international companies in addition to successful venture backed companies.Mr. Williamson has established a reputation for building world-class teams and for aligning financial and business metrics to support business strategy and high-growth. He will be based at Thinfilm'sSan Jose, California office. For further information contact:Kevin Barber , CEO, at e-mail: kevin.barber@thinfilmsystems.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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