ABnote Canada’s CEO Bud Kronenberg to Retire

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Will Remain with ABnote as Chairman Emeritus of the Board of North American Unit

ABnote today announced that W.I. (Bud) Kronenberg, its Canadian CEO, will retire effective July 3, 2015. Upon his retirement, Bud will immediately accept an appointment as Chairman Emeritus of the Board of Directors of ABnote North America, and will continue to provide strategic guidance and support to ABnote’s North American Board and Executive Team. Eva Chan CPA, CMA will become Interim Managing Director of ABnote Canada, reporting to Keith Goldstein, CEO of ABnote North America.

“Bud has done an awful lot for ABnote over an extended period of time, and we thank and salute him for his many accomplishments,” said ABnote’s Chairman and CEO, Steven Singer. Singer continued, “He has accumulated nearly unparalleled experience and expertise both in the Canadian marketplace in particular, and in the industry as a whole as an active member and officer of the International Card Manufacturers Association (ICMA), as well as ABnote’s Global Strategy Committee. So, while we will miss deeply his daily presence in the offices of ABnote Canada, we are very pleased that Bud will continue to be involved in ABnote’s success, as Chairman Emeritus of ABnote North America.”

“It has been a privilege and pleasure working for ABnote and its Executive team in Fort Lee and Boston. I have seen the company go from strength to strength, expanding into new global markets and develop innovative solutions for customers. I have been so fortunate to lead an exceptional team of managers and staff both in Toronto and Montreal. I have no doubt of their continued dedication to the success of ABnote and I know that during the period that a permanent successor for the division is selected, it is in the safe hands under Eva Chan’s stewardship. I have made some dear and close friends within the organization and look forward to an ongoing close relationship with American Banknote as I enter a new and exciting chapter of my life” said Mr. Kronenberg.

Mr. Kronenberg served as General Manager of Keystone Manufacturing beginning in 1990 and was promoted to the position of President in 2005. Keystone was acquired by ABnote in 2008, at which point Bud was appointed as CEO of ABnote Canada. During the years prior to joining Keystone, Bud served in senior positions of companies in South Africa, the United Kingdom, and Canada. Bud has been active in the International Card Manufacturer’s Association since 1997. He was voted onto the Board of Directors of the ICMA in 2005 and was recently elected to the position of Vice President of the ICMA and will continue to serve in that capacity through his term ending 2016.

Interim Managing Director of ABnote Canada Eva Chan has been with ABnote Canada since 1991, working in numerous Management positions, most recently as Senior Vice-President and CFO. ABnote North America’s Chief Executive, Keith Goldstein, expressed extreme confidence in Ms. Chan’s ability to continue in the success that has marked Kronenberg’s tenure at ABnote, noting that “Eva has worked closely with Bud on corporate matters related both to financial and operational performance. She has consistently risen to excel at new challenges, and I have no doubt Eva will excel in this interim role. She is a strong candidate for the permanent position should she choose to pursue it.” Goldstein added that the search for a permanent replacement could last through year’s end, noting that “we are looking to fill some very big shoes.”

About ABnote
ABnote (http://www.abnote.com) is a global provider of secure financial and secure credentialing solutions across a number of verticals. ABnote’s primary products include cards, documents, and digital solutions used for payment, secure ID, fare collection, access, retail gift and loyalty. ABnote also provides complementary secure services, including instant card issuance, NFC mobile payments, TSM, personalization, secure warehousing, distribution and fulfillment.

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Karen Brooker
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