PETACH-TIKVA, Israel,
June 27, 2018 /PRNewswire/ --
Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of
technologically advanced solutions in the field of printed circuit
boards, announced today that its Board of Directors has named
Eli Yaffe as its Chief Executive
Officer, effective July
1st, 2018. Mr. Yaffe will succeed
Mr. Yitzhak Nissan, our Controlling Shareholder, who will
continue to serve as the Chairman of our Board of Directors.
Eli Yaffe, 63, served as the CEO
of Carmel Forge Ltd. (Aerospace), and prior thereto he served as
the CEO of Urdan Industries Ltd. (Defense). In previous roles, Mr.
Yaffe served as VP of Business Development & Strategic
Planning, responsible for strategy, M&A, and business
development at Ormat Industries Ltd., including a number of years
in the U.S. Mr. Yaffe holds a B.Sc. degree (with distinction) from
the Technion- Israel Institute of Technology, M.Sc. degree in
Mechanical Engineering from Tel Aviv
University and an MBA degree (with distinction) in Finance
& Marketing from Bar Ilan
University.
Mr. Yitzhak Nissan, Chairman
of the Board, commented: "We are delighted to bring Mr. Yaffe
on board. Mr. Yaffe has a proven track record of excelling in CEO
positions in defense and aerospace industries. I am confident that
Mr. Yaffe will be an asset for Eltek going forward and extend a
warm welcome to him."
About Eltek
Eltek - "Innovation Across the Board", is a global manufacturer
and supplier of technologically advanced solutions in the field of
printed circuit boards (PCBs), and is the Israeli leader in this
industry. PCBs are the core circuitry of most electronic devices.
Eltek specializes in the manufacture and supply of complex and high
quality PCBs, HDI, multilayered and flex-rigid boards for the
high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP
Electronics certifications. Its customers include leading companies
in the defense, aerospace and medical industries in Israel, the United
States, Europe and
Asia.
Eltek was founded in 1970. The Company's headquarters, R&D,
production and marketing center are located in Israel. Eltek also operates through its
subsidiaries in North America and
in Europe and by agents and
distributors in Europe,
India, South Africa and South America.
For more information, visit Eltek's web site at
http://www.nisteceltek.com.
Forward Looking Statement:
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to statements regarding
expected results in future quarters, risks in product and
technology development and rapid technological change, product
demand, the impact of competitive products and pricing, market
acceptance, the sales cycle, changing economic conditions and other
risk factors detailed in the Company's Annual Report on Form 20-F
and other filings with the United States Securities and Exchange
Commission.
Investor Contact:
Amnon Shemer
Chief Financial Officer
amnons@nisteceltek.com
+972-3-9395023
SOURCE Eltek Ltd.