PETACH-TIKVA, Israel,
November 19, 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 Mr.
Gil Riff joined the Company as its
VP Quality Assurance and Continuous Improvement, and Mr.
Shmuel Wider as its VP of Sales.
Mr. Riff previously served as the
Director of Process Engineering and Printed Circuits Boards of the
aviation division of Elbit Systems and prior thereto he was a
factory technologist in Elbit System's printed circuits boards
department. In previous roles, Mr. Riff was a printed circuits
boards technologist for Melta Printed Circuits Boards and was a
senior process engineer for Tower Semiconductors. Mr. Riff holds a
B.Sc. degree in chemical engineering from the Technion - Israel
Institute of Technology and an MBA degree from the Open University
of Israel.
Prior to joining Eltek Mr. Wider served
as the COO and CBO of Bio-Nexus Ltd., and prior thereto he served
as the Vice President of Sales of AudioCodes Ltd. In previous
roles, Mr. Wider served as Director of Sales APAC in ECI - Innowave
Ltd. responsible for the business in each one of his roles
successfully owing dozens of consecutive quarters of growth
achieving Companies targets and goals. Mr. Wider holds a Practical
Engineering degree from the Technion - Israel Institute of
Technology,
Mr. Itzik Tzemach and Mr. Assi Bachar also joined the Company as Director
of Operations and Procurement Officer and Chief Information
Officer, respectively. Both Mr. Tzemach and Mr. Bachar will report
directly to the Company's CEO.
In previous roles, Mr. Tzemach served
as the Director of Production and Logistics for ILS, as part of the
Kahane Group. Prior thereto, Mr. Tzemach was the VP Operations for
Zikon, Director of Factory Production at Aladdin, and Production
Manager at TKS, part of the Nistec group. Mr. Tzemach holds a
degree in electrical engineering from the Ariel University and an
MBA degree, specializing in information systems from Bar Ilan University.
Mr. Bachar served as the Chief
Information Officer for Comtal Group. Prior thereto, Mr. Bachar
served as the Chief Information Officer for the Trans Innovation
Group. Mr. Bachar previously served as the Manager of Logistics and
Purchasing Manager of the Information Systems Department and as an
Economist for Eltek. Mr. Bachar holds a BA degree in economics from
Bar Ilan University and an Executive
MBA degree in Finance & Marketing from University of
Bradford, U.K.
Mr. Eli
Yaffe, CEO, commented: "We are pleased to have Messrs.
Riff, Wider Tzemach and Bachar, join us as leading managers in our
Company. The Company's new management team has already begun
working together in harmony and is implementing improved processes,
which we expect will bring favorable results over time. The team is
highly motivated and is working hard to increase customer
satisfaction in the short term and bring Eltek back to
profitability."
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 Statements:
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
Vice President, Finance and Chief Financial Officer
amnons@nisteceltek.com
+972-3-9395023
SOURCE Eltek Ltd.