Gilat Announces Appointment of Yuval Ronen as Chief Financial Officer Effective April 12, 2015
January 29 2015 - 8:25AM
Gilat Satellite Networks Ltd. (Nasdaq:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that Yuval Ronen has been appointed Chief
Financial Officer of the Company, effective April 12, 2015.
Ronen has 15 years of combined financial and operational
management experience with public and private companies across
multiple industries. Prior to joining Gilat, Ronen served as VP
Finance and Operations for the European and North American business
unit of Orbotech Ltd. From 2007 to 2011, he served as CFO at Bynet
Data Communications Ltd. Prior thereto, he served for 7 years in
several finance positions, the most recent as VP Finance, at
Ceragon Networks Ltd. Ronen holds a B.A. in Accounting and
Economics and an M.B.A., both from Tel Aviv University, and is a
Certified Public Accountant in Israel.
Ronen will succeed Yaniv Reinhold, who after 15 years at Gilat,
will leave the Company to pursue other opportunities, but has
agreed to be available for assistance during the transition
period.
"Yuval Ronen's broad-based experience as a finance and
operations professional, including with NASDAQ-listed public
companies, gives him a solid platform for the job of Chief
Financial Officer of Gilat," commented Erez Antebi, Chief Executive
Officer of the Company. "We welcome Yuval and look forward to
working with him as part of the Company's management team."
Antebi added, "Yaniv has been a key member of the Gilat
management team and has contributed greatly to our success over the
past 15 years. We thank him for his excellent service to the
Company and wish him well in his future endeavors. With Yaniv's
assistance, we expect a smooth transition for Yuval into his new
position."
About Gilat
Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a
leading provider of products and services for satellite-based
broadband communications. Gilat develops and markets a wide range
of high-performance satellite ground segment equipment and VSATs,
with an increasing focus on the consumer and Ka-band market. In
addition, Gilat enables mobile SOTM (Satellite-on-the-Move)
solutions providing low-profile antennas, next generation
solid-state power amplifiers and modems. Gilat also provides
managed network and satellite-based services for rural telephony
and Internet access via its subsidiaries in Peru and Colombia.
With over 25 years of experience, and over a million products
shipped to more than 85 countries, Gilat has provided enterprises,
service providers and operators with efficient and reliable
satellite-based connectivity solutions, including cellular
backhaul, banking, retail, e-government and rural communication
networks. Gilat also enables leading defense, public security and
news organizations to implement advanced, on-the-move tactical
communications on board their land, air and sea fleets using
Gilat's high-performance SOTM solutions. For more information,
please visit us at www.gilat.com
Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "estimate", "project",
"intend", "expect", "believe" and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties. Many
factors could cause the actual results, performance or achievements
of Gilat to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements, including, among others, changes
in general economic and business conditions, inability to maintain
market acceptance to Gilat's products, inability to timely develop
and introduce new technologies, products and applications, rapid
changes in the market for Gilat's products, loss of market share
and pressure on prices resulting from competition, introduction of
competing products by other companies, inability to manage growth
and expansion, loss of key OEM partners, inability to attract and
retain qualified personnel, inability to protect the Company's
proprietary technology and risks associated with Gilat's
international operations and its location in Israel. For additional
information regarding these and other risks and uncertainties
associated with Gilat's business, reference is made to Gilat's
reports filed from time to time with the Securities and Exchange
Commission.
CONTACT: Gilat Satellite Networks
Joelle Inowlocki
JoelleI@gilat.com
KCSA Strategic Communications
Phil Carlson, Vice President
(212) 896-1233
pcarlson@kcsa.com
Thomas Mei, Account Executive
(212) 896-1208
tmei@kcsa.com
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Sep 2023 to Sep 2024