Tessenderlo Group Hires New CEO for Its American Subsidiary, Tessenderlo Kerley, Inc. (TKI)

PHOENIX, Ariz. — January 30, 2017 — Tessenderlo Group (Euronext: TESB) announced today that Steve Azzarello has joined Tessenderlo Kerley, Inc. (TKI) as CEO, effective immediately. He takes over from Luc Tack, who will become Executive President of TKI. Tack is also CEO of Tessenderlo Group.

Azzarello brings more than 30 years of business expertise in general management, strategic planning, sales and marketing, and operations to his position at TKI. For the last three and one-half years, he was Executive Vice President at H.J. Baker & Bro. Inc., a global biotech company that serves the animal health and nutrition, crop performance and sulfur industries. Prior to this role, he was VP of Commercial Development at Amcol International Corp., a multinational company with interests in the chemical and industrial minerals sectors.

“Steve’s experience and successful track record in the agriculture, chemical and industrial minerals industries is valuable for TKI. Together with the TKI Executive team and me, we will be able to lead the company to further success,” said Tack.

Azzarello holds an MBA from the Kellogg School of Management at Northwestern University and he graduated with a bachelor’s degree in chemical engineering from Michigan Technological University in 1982. He will be based at the TKI Phoenix Corporate Office.

About Tessenderlo Kerley, Inc.
With headquarters in Phoenix (Arizona, US), TKI produces and markets specialty chemical solutions, including fertilizers, crop protection products and process chemicals and services to diverse markets around the world. TKI operates 11 manufacturing plants in North America in addition to an extensive terminal network.

Tessenderlo Group is a diversified industrial group that focuses on agriculture, valorizing bio-residuals and providing industrial solutions. The group employs approximately 4,900 people and is a leader in most of its markets, realizing a consolidated revenue of 1.6 billion EUR in 2015. Tessenderlo Chemie nv is listed on Euronext Brussels and is part of the Next 150 and BEL Mid indices. Financial News wires: Bloomberg: TESB BB – Reuters: TesBt.BR – Datastream: B:Tes

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