HAIFA, Israel, Sept. 1, 2021 /PRNewswire/ -- Elbit Systems
Ltd. (NASDAQ: ESLT) (TASE:
ESLT) ("Elbit Systems" or the "Company") announced
today that, after 20 years as Chief Financial Officer ("CFO") of
the Company, and having held various managerial positions in Elbit
Systems and its subsidiaries around the world for many years prior
to that, Joseph Gaspar will become
Senior Executive Vice President ("EVP") - Business Management.
Dr. Kobi Kagan, currently serving
as Deputy General Manager and Senior Vice President - Finance
and Control of Elbit Systems Land, will replace Mr. Gaspar as EVP
and CFO.
The appointments will become effective as of April 1, 2022.
Dr. Kagan was appointed to his current position in Elbit Systems
Land in 2018, and from 2010 to 2018 he served as Elbit Systems Land
and C4I's Vice President - Finance and Control. Dr. Kagan joined
Elbit Systems in 2008 as a Sales Director at Elbit Systems Land and
C4I. Prior to that, Dr. Kagan served for 26 years in the Israeli
Navy and in the Israeli Ministry of Defense, where he holds the
rank of a Naval Captain (reserves), in a variety of positions,
including the Head of the Navy's budget department. Dr. Kagan holds
a bachelor of arts degree in economics and business administration,
an MBA in business administration and a PhD in economics from
Bar-Ilan University, and is a graduate
of the Harvard University Business
School's Advanced Management Program.
Bezhalel (Butzi) Machlis, Elbit Systems President &
CEO, said: "With his multi-disciplinary capabilities and vast
experience, Joseph Gaspar has played
a key role in the Company's success throughout the years and
has contributed significantly to the Company's financial
achievements. I am pleased Joseph will continue to take a leading
position in the Company as Senior EVP - Business Management. I am
also pleased to appoint Kobi Kagan
as the Company's new CFO and believe his skills and experience will
continue to be a great asset to Elbit Systems. I wish Joseph and
Kobi success in their new positions and am confident they will
contribute significantly to the Company's growth and
excellence in the future."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company
engaged in a wide range of defense, homeland security and
commercial programs throughout the world. The Company, which
includes Elbit Systems and its subsidiaries, operates in the areas
of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and
reconnaissance ("C4ISR"), unmanned aircraft systems, advanced
electro-optics, electro-optic space systems, EW suites, signal
intelligence systems, data links and communications systems,
radios, cyber-based systems and munitions. The Company also focuses
on the upgrading of existing platforms, developing new technologies
for defense, homeland security and commercial applications and
providing a range of support services, including training and
simulation systems.
For additional information, visit: https://elbitsystems.com/,
follow us on Twitter or visit our official Facebook, Youtube and
LinkedIn Channels.
Company
Contact:
Joseph Gaspar,
Executive VP & CFO
Tel:
+972-4-8316663
j.gaspar@elbitsystems.com
Rami Myerson,
Director, Investor Relations
Tel:
+972-77-2948984
rami.myerson@elbitsystems.com
David Vaaknin,
VP, Head of Corporate Communications
Tel:
+972-77-2946691
david.vaaknin@elbitsystems.com
|
IR
Contact:
Ehud
Helft
Kenny
Green
GK Investor
Relations
Tel:
1-646-201-9246
elbitsystems@gkir.com
|
This press release may contain forward–looking statements
(within the meaning of Section 27A of the Securities Act of 1933,
as amended, Section 21E of the Securities Exchange Act of 1934, as
amended and the Israeli Securities Law, 1968) regarding Elbit
Systems Ltd. and/or its subsidiaries (collectively the Company), to
the extent such statements do not relate to historical or current
facts. Forward-looking statements are based on management's current
expectations, estimates, projections and assumptions about
future events. Forward–looking statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995, as amended. These statements are not guarantees of
future performance and involve certain risks,
uncertainties and assumptions about the Company, which are
difficult to predict, including projections of the Company's future
financial results, its anticipated growth strategies and
anticipated trends in its business. Therefore, actual future
results, performance and trends may differ materially from these
forward–looking statements due to a variety of factors, including,
without limitation: scope and length of customer contracts;
governmental regulations and approvals; changes in governmental
budgeting priorities; general market, political and economic
conditions in the countries in which the Company operates or sells,
including Israel and the United States among others; changes in
global health and macro-economic conditions; differences in
anticipated and actual program performance, including the ability
to perform under long-term fixed-price contracts; changes in the
competitive environment; and the outcome of legal and/or regulatory
proceedings. The factors listed above are not all-inclusive,
and further information is contained in Elbit Systems Ltd.'s latest
annual report on Form 20-F, which is on file with the U.S.
Securities and Exchange Commission. All forward–looking statements
speak only as of the date of this release. Although the Company
believes the expectations reflected in
the forward-looking statements contained herein are
reasonable, it cannot guarantee future results, level of activity,
performance or achievements. Moreover, neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of any of these forward-looking statements.
The Company does not undertake to update its forward-looking
statements.
Elbit Systems Ltd., its logo, brand, product, service and
process names appearing in this Press Release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated
companies. All other brand, product, service and process
names appearing are the trademarks of their respective
holders. Reference to or use of a product, service or process
other than those of Elbit Systems Ltd. does not imply
recommendation, approval, affiliation or sponsorship of that
product, service or process by Elbit Systems Ltd. Nothing contained
herein shall be construed as conferring by implication, estoppel or
otherwise any license or right under any patent, copyright,
trademark or other intellectual property right of Elbit Systems
Ltd. or any third party, except as expressly granted herein.
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SOURCE Elbit Systems Ltd