Norican Announces New President and CEOReading time: min | Image source: NoricanThe Board of Directors of Norican A/S (“Norican”), a majority-owned portfolio company of the private equity fund Altor Fund IV (“Altor”), has appointed Thomas Körmendi as its new President and CEO. Thomas Körmendi brings a breadth of line management operational expertise and relevant board experience to Norican. He has more than 30 years of senior management and business development experience from a range of international companies including serving as CEO of Elopak, CEO of Kezzles AS and CEO of Relacom Group. Thomas Körmendi is currently transitioning from his current role as CEO of Elopak to the new role with Norican and will relocate back to Denmark. When Thomas Körmendi takes over as President and CEO of Norican, he will also leave the Board of the company.