Former CEO of Scholle Corporation Joins IDC’s Industry Advisory Board

NEW YORK–(BUSINESS WIRE)–International Dispensing Corporation (IDC) (IDND) announced that Leon
Gianneschi, PhD, former President and CEO of the Scholle Corporation,
has joined its Industry Advisory Board.

Mr. Gianneschi joins IDC's Advisory Board after a distinguished career
at the Scholle Corporation, the world's largest bag-in-box (BIB)
company, now Scholle-IPN based in Northlake, Illinois. From 1994-2015,
he held a variety of senior positions at Scholle, including Managing
Director Asia Pacific, Managing Director Europe/Middle East/Africa,
before becoming President of the Scholle Packaging and Materials Group.
In 2012, he was named President and CEO of the Scholle Corporation.

Mr. Gianneschi was raised in Australia, earned a doctorate in
chemical engineering, and earlier in his career worked at Exxon
Chemical in the Asia Pacific and Middle East Regions. He now resides in
Southern California.

As one of the foremost global experts in BIB packaging for beverages,
wine, and other liquid products, Mr. Gianneschi joins Bill Hickey
(former Chairman and CEO of Sealed Air Corporation), Li Xin (former
President of Sealed Air China), Bo Thorn (former Commercial Director of
Tetra Pak China and Managing Director of Tetra Pak Southeast Asia), and
Par Soderlund (former Managing Director of Tetra Pak Eastern Europe and
Tetra Pak Pakistan) as a member of IDC's industry thought leaders.

IDC has created, patented, and commercialized The Answer®, the world's
only aseptic tap that can safely dispense UHT liquids from a
large-format (3-25 liter) package while continuing to preserve the
sterility of the package's remaining contents for weeks/months without
refrigeration or preservatives. Although foodservice accounts for nearly
50% of the world's food and beverage dollar, in aseptic packaging
foodservice accounts for less than 5% due to the size limitations of
aseptic cartons. Currently, The Answer is commercial in the USA, China,
Pakistan, Germany, and Mexico.

"I cannot think of anyone more qualified or immersed in the global BIB
industry than Leon Gianneschi," said IDC Chairman Greg Abbott. "He
brings a new strategic dimension to our already talented team of
experienced executives, a team that rivals that of any packaging company
in the world."

"I am excited to be involved at the cutting edge of the BIB industry
with IDC," said Mr. Gianneschi. "IDC has persevered with its vision,
overcoming the obstacles inherent in aseptic innovation to bring this
opportunity to the inflection point. The Answer is poised to disrupt the
aseptic BIB foodservice industry on a global scale."

About IDC

Based in New York City, IDC (IDND; www.idcinnovation.com)
is a packaging research and development company that creates and
manufactures breakthrough innovations for the beverage and food
packaging industries. The company is best known for its award-winning
The Answer, the world’s only certified aseptic tap which prevents
micro-organisms from compromising product safety even through prolonged
unrefrigerated use. The Answer is used for both low and high-acid
beverages including milk, diary-based coffee, juice, tea and coconut
water.

Contacts

IDC
Christopher Westwood, 212-464-7203
[email protected]