Arotech Corporation (Nasdaq:ARTX) today announced
that it has hired Kelli L. Kellar as Vice President – Finance. Ms.
Keller begins her employment with Arotech today, and starting April
1, 2018, Ms. Kellar will take over the role of chief financial
officer from current Senior Vice President – Finance and CFO Tom
Paup, who will be retiring at the end of March.
Ms. Kellar joins Arotech with strong experience
in the field of finance. From November 2013 until accepting this
position with Arotech, she was Senior Manager of External
Reporting, PP&E Reporting and IFRS Accounting with Fiat
Chrysler Automobiles. From May 2009 until November 2013, Ms. Kellar
was Vice President and controller of Silverpop Systems, Inc., a
privately-held, international software development company. Since
1995 Ms. Kellar has held accounting and finance positions with both
public and private companies, including serving from 2007 to 2009
as Chief Accounting Officer with Premier Exhibitions, Inc., a
Nasdaq-listed provider of global museum-quality touring
exhibitions. Ms. Kellar holds a bachelor’s of accounting and a
master’s of science in taxation from Florida International
University.
“I am delighted to announce this new
appointment,” said Dean M. Krutty, acting CEO of Arotech. “I wish
Kelli a long and successful career with us and look forward to
working with her,” continued Mr. Krutty.
“I also would like to take this opportunity to
thank our current Senior Vice President – Finance and CFO, Tom
Paup, for his dedicated effort and his many and significant
contributions to the Company, and to wish him an enjoyable and
satisfying retirement. It’s been an honor and a pleasure to work
with someone so professional and with the outstanding business
acumen that Tom brought to Arotech. Tom will stay with us through
March 31, 2018 in order to assist with a smooth transition and to
help in the process of our annual audit and preparation of our
annual report to the SEC. I look forward to working with Kelli and
Tom during the three-month transition period to ensure a smooth
handoff of the CFO responsibilities,” concluded Mr. Krutty.
About Arotech Corporation
Arotech Corporation is a defense and security
products and services company, engaged in two business areas:
interactive simulation for military, law enforcement and commercial
markets; and mobile power systems for the military, commercial and
medical markets.
Arotech is incorporated in Delaware, with
corporate offices in Ann Arbor, Michigan, and research, development
and production subsidiaries in Michigan, South Carolina, and
Israel. For more information on Arotech, please visit Arotech’s
website at www.arotech.com.
Investor Relations Contact:
Scott SchmidtArotech
Corporation1-800-281-0356Scott.Schmidt@arotechusa.com
Except for the historical information herein,
the matters discussed in this news release include forward-looking
statements, as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements reflect management’s
current knowledge, assumptions, judgment and expectations regarding
future performance or events. Although management believes that the
expectations reflected in such statements are reasonable, readers
are cautioned not to place undue reliance on these forward-looking
statements, as they are subject to various risks and uncertainties
that may cause actual results to vary materially. These risks and
uncertainties include, but are not limited to, risks relating to:
product and technology development; the uncertainty of the market
for Arotech’s products; changing economic conditions; delay,
cancellation or non-renewal, in whole or in part, of contracts or
of purchase orders (including as a result of budgetary cuts
resulting from automatic sequestration under the Budget Control Act
of 2011); and other risk factors detailed in Arotech’s most recent
Annual Report on Form 10-K for the fiscal year ended December 31,
2016, and other filings with the Securities and Exchange
Commission. Arotech assumes no obligation to update the information
in this release. Reference to the Company’s website above does not
constitute incorporation of any of the information thereon into
this press release.
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