MICT, Inc. Welcomes Robert Benton to Its Board of Directors; John Scott to Assume Role of Non-Executive Deputy Chairman
April 16 2021 - 11:15AM
MICT, Inc. (Nasdaq: MICT), (the "Company"), today announced
that it has appointed seasoned financial executive Robert Benton to
MICT’s Board of Directors, replacing Jeff Bialos, who resigned from
the Company’s board of directors, effective April 12, 2021. In
addition, current board member, John Scott will assume the role of
non-executive deputy chairman of the Company’s board of directors.
“We welcome Robert to our board of directors and
look forward to his counsel as MICT continues to evolve into a
global fintech company. Robert brings a wealth of experience from
various prominent roles, including Clarksons, a FTSE 250 Company,
where he was Chairman of the Board,” said Darren Mercer, MICT’s
Chief Executive Officer. “In addition, Robert has held senior level
management roles at various investment banks, including leadings
banks such as Canaccord Adams, ABN AMRO and HSBC James Capel, which
will prove invaluable to MICT as we continue to develop our Fintech
business.”
Mr. Mercer continued, “Concurrently, I would
like to thank Jeff Bialos on behalf of MICT for his years of
contribution and commitment to the Company. He has been an integral
part of the Company’s switch to Fintech. We wish Jeff the very best
in his future endeavors.”
Jeff Bialos commented, “I am grateful for the
opportunity to have served as a member of MICT’s board of
directors. I look forward to monitoring the Company’s success as I
focus my time on other endeavors.”
John Scott, assuming the role as Non-Executive
Deputy Chairman, has been on the Board of MICT since November 2019.
Mr. Mercer commented, “John has been a valuable asset to the board
since he joined us 18 months ago. His strong finance background
with over 50 years of experience at various brokerage firms will
continue to help guide MICT as we continue to ramp our Fintech
business.”
About MICT, Inc.MICT, Inc.
(NasdaqCM: MICT) operates through its subsidiaries, GFH
Intermediate Holdings Ltd ("GFHI") and its various fully owned
subsidiaries or VIE structures. And Micronet Ltd. ("Micronet").
GFHI's versatile proprietary trading technology platform is
designed to serve a large number of high growth sectors in the
global fintech space. Primary areas of focus include online
brokerage for equities trading and sales of insurance products in
several high-growth foreign markets including Asia where GFH owns a
substantial propriety database of users. Micronet operates in the
growing telematics and commercial Mobile Resource Management (MRM)
market, mainly in the United States and Europe. Micronet designs,
develops, manufactures and sells mobile computing solutions that
provide fleet operators and field workforces with computing
solutions in challenging work environments.
Forward-looking Statement
This press release contains express or implied
forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and other U.S. Federal securities
laws. These forward-looking statements include, but are not
limited to, our expectations about receiving orders for our
products in the future, statements regarding our business and
operations, statements regarding SmartCam, our expectations
regarding the global logistics and transportation telematics
industry growth, and the belief that a majority stake in Micronet
will leverage our global platform to grow the telematics business.
Such forward-looking statements and their implications involve
known and unknown risks, uncertainties and other factors that may
cause actual results or performance to differ materially from those
projected. The forward-looking statements contained in this press
release are subject to other risks and uncertainties, including
those discussed in the "Risk Factors" section and elsewhere in the
Company's annual report on Form 10-K for the year
ended December 31, 2019 and in subsequent filings with
the Securities and Exchange Commission. Except as otherwise
required by law, the Company is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
Contact information:Tel: (201) 225-0190 info@mict-inc.com
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