Perion Announces Departure of Ophir Yakovian; Vice President of Finance Maoz Sigron Appointed as New CFO
February 06 2018 - 4:30PM
Business Wire
Perion Network Ltd. (NASDAQ:PERI), a global technology leader in
advertising solutions for brands and publishers, announced today
that Ophir Yakovian has tendered his resignation as Perion’s Chief
Financial Officer to pursue new professional business
opportunities.
Maoz Sigron, Perion’s Vice President of Finance and a senior
finance executive with more than a decade of experience in
controllership, accounting and financial management, has been
appointed as Perion’s CFO, effective February 7, 2018. Mr. Sigron
has served in various finance leadership and senior accounting, in
positions at Tnuva Dairy Corporation as well as Allot
Communications and Stratasys Ltd., both of which are publicly
traded corporations listed on NASDAQ. Earlier in his career he
served as a CPA with PwC and holds B.A in accounting and Economics
from the College of Management.
Doron Gerstel, Perion’s CEO commented, “I would like to wish
Ophir good luck with his new opportunity, and welcome Maoz into
this new role. Maoz has played a key role implementing the
cost-reduction initiatives that began in the second half of 2017,
and I have great confidence that he is well positioned to carry
this important initiative forward.”
About Perion Network Ltd.
Perion is a global technology company that delivers advertising
solutions to brands and publishers. Perion is committed to
providing data-driven execution, from high-impact ad formats to
branded search and a unified social and mobile programmatic
platform. More information about Perion may be found at
www.perion.com, and follow Perion on Twitter @perionnetwork.
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private
Securities Litigation Reform Act of 1995 with respect to the
business, financial condition and results of operations of Perion.
The words “will”, “believe,” “expect,” “intend,” “plan,” “should”
and similar expressions are intended to identify forward-looking
statements. Such statements reflect the current views, assumptions
and expectations of Perion with respect to future events and are
subject to risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Perion to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, or financial information, including,
among others, the failure to realize the anticipated benefits of
companies and businesses we acquired and may acquire in the future,
risks entailed in integrating the companies and businesses we
acquire, including employee retention and customer acceptance; the
risk that such transactions will divert management and other
resources from the ongoing operations of the business or otherwise
disrupt the conduct of those businesses, potential litigation
associated with such transactions, and general risks associated
with the business of Perion including intense and frequent changes
in the markets in which the businesses operate and in general
economic and business conditions, loss of key customers,
unpredictable sales cycles, competitive pressures, market
acceptance of new products, inability to meet efficiency and cost
reduction objectives, changes in business strategy and various
other factors, whether referenced or not referenced in this press
release. Various other risks and uncertainties may affect Perion
and its results of operations, as described in reports filed by the
Company with the Securities and Exchange Commission from time to
time, including its annual report on Form 20-F for the year ended
December 31, 2016 filed with the SEC on March 7, 2017. Perion does
not assume any obligation to update these forward-looking
statements.
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Perion Network Ltd.Investor relationsHila Valdman, +972
(73) 398-1000Perion.Investor.Relations@perion.com
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