Nayax Appoints New Chief Information Officer
December 04 2023 - 7:58AM
Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce
enablement, payments and loyalty platform designed to help
merchants scale their business, today announced that Moshe
Shmaryahu recently joined the Nayax leadership team as Chief
Information Officer. Mr. Shmaryahu will lead the company's
information systems (IS) and Corporate IT, uniting the IT internal
infrastructure and business applications under one roof to optimize
the organization's systems and technology.
Moshe Shmaryahu, who began serving as Nayax's
Chief Information Officer last month, served for 11 years prior to
this as Chief Operating Officer (COO), Senior Director of
Operations and Infrastructure at the Union Bank of Israel, the
sixth largest Israeli bank. From 2009-2011, Mr. Shmaryahu served as
COO, head of control and operation branch at Mamram, the Center of
Computers and Information Systems, which is responsible for
managing military software and computer infrastructure for the
telecommunications and information technology unit of the Israel
Defense Forces (IDF). Prior to this, he served as head of the
development branch at LOTEM, the IDF technology and information
system division, from 2006 to 2009, and at various other capacities
for this unit since 1998. Mr. Shmaryahu also served as head of
software training for software officers at the C4I national school
of the IDF from 2005 to 2006. Mr. Shmaryahu holds a Bachelor of
Science in Computer Science and Mathematics from Bar-Ilan
University in Ramat Gan, and a Master of Business Administration
from Ben Gurion University of the Negev in Be'er Sheva, Israel.
In his new role, Mr. Shmaryahu will report
directly to the CEO, Yair Nechmad, and will be part of the
leadership team. Both Corporate IT and IS functions will report
directly to Mr. Shmaryahu.
"Moshe brings to Nayax vast experience in
business, finance, CRM, business intelligence production and
service center operations, system integrations following M&A
and implementation of new methodologies. In addition, Moshe brings
seasoned experience developing IT strategy and team leadership,"
said Yair Nechmad, CEO at Nayax. "We are confident that Moshe's
valuable expertise will take Nayax to the next level in automation
and IT infrastructure, as we continue to scale the business and
expand our global footprint."
Forward-Looking Statements
This press release contains statements that
constitute forward-looking statements. Many of the forward-looking
statements contained in this press release can be identified by the
use of forward-looking words such as “anticipate,” “believe,”
“could,” “expect,” “should,” “plan,” “intend,” “estimate” and
“potential,” among others. Forward-looking statements include, but
are not limited to, statements regarding our intent, belief or
current expectations. Forward-looking statements are based on our
management’s beliefs and assumptions and on information currently
available to our management. Such statements are subject to risks
and uncertainties, and actual results may differ materially from
those expressed or implied in the forward-looking statements due to
various factors, including, but not limited to: our expectations
regarding general market conditions, including as a result of the
COVID 19 pandemic and other global economic trends; changes in
consumer tastes and preferences; fluctuations in inflation,
interest rate and exchange rates in the global economic
environment; the availability of qualified personnel and the
ability to retain such personnel; changes in commodity costs,
labor, distribution and other operating costs; our ability to
implement our growth strategy; changes in government regulation and
tax matters; other factors that may affect our financial condition,
liquidity and results of operations; general economic, political,
demographic and business conditions in Israel, including the
ongoing war in Israel that began on October 7, 2023 and global
perspectives regarding that conflict; the success of operating
initiatives, including advertising and promotional efforts and new
product and concept development by us and our competitors; Moshe
Shmaryahu's success as the Company's new Chief Information Officer;
and other risk factors discussed under “Risk Factors” in our annual
report on Form 20-F filed with the SEC on March 1, 2023 (our
"Annual Report"). The preceding list is not intended to be an
exhaustive list of all of our forward-looking statements. The
forward-looking statements are based on our beliefs, assumptions
and expectations of future performance, taking into account the
information currently available to us. These statements are only
estimates based upon our current expectations and projections about
future events. There are important factors that could cause our
actual results, levels of activity, performance or achievements to
differ materially from the results, levels of activity, performance
or achievements expressed or implied by the forward-looking
statements. In particular, you should consider the risks provided
under “Risk Factors” in our Annual Report. You should not rely upon
forward-looking statements as predictions of future events.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Each forward-looking statement speaks only
as of the date of the particular statement. Except as required by
law, we undertake no obligation to update publicly any
forward-looking statements for any reason, to conform these
statements to actual results or to changes in our expectations.
About Nayax
Nayax is a global commerce enablement, payments
and loyalty platform designed to help merchants increase their
revenue while decreasing their operational cost. Nayax offers a
complete solution including localized cashless payment acceptance,
management suite, and consumer engagement tools, enabling merchants
to conduct commerce anywhere, at any time. With foundations and
global leadership in serving unattended retail, Nayax has
transformed into a comprehensive solution focused on our customers'
growth across multiple channels. Today, Nayax has 9 global offices,
approximately 800 employees, connections to more than 80 merchant
acquirers and payment method integrations and is a recognized
payment facilitator worldwide. Nayax's mission is to improve our
customers' revenue potential and operational efficiency. For more
information, please visit www.nayax.com
Public Relations Contact:
Courtney Tolbert5W PRctolbert@5wpr.com
Investor Relations
Contact:Virginea Stuart GibsonVice President, Investor
Relationsvirgineas@nayax.com
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