Directorate Change
May 15 2008 - 9:34AM
UK Regulatory
RNS Number : 5552U
Amiad Filtration Systems Ltd
15 May 2008
15 May 2008
Amiad Filtration Systems Ltd.
("Amiad" or "the Company")
Directorate Change
Amiad, a producer and global supplier of automated water filters and filtration systems for the industrial & municipal and the
irrigation markets, announces that Abraham (Avi) Heifetz, Non-Executive Chairman, is to step down from his position with immediate effect.
Mr Heifetz, aged 70, who has been Non-Executive Chairman of the Company since February 2005, will be succeeded by Tal Yeshua, aged 50,
who has been a Non-Executive Director since February 2008. Mr Heifetz will continue to serve as a Non-Executive Director until 31 August
2008.
Mr Yeshua is currently the Chairman of Kibbutz Amiad, Chairman of Termokir Industries (1980) Ltd. and Liam-Tnuvot Ltd. and is also a
member of the appointed committee of Kibbutz Horshim in Israel.
Mr Yeshua said: "On behalf of the Board, I would like to express everyone's gratitude to Avi for the tremendous work he has done and for
what Amiad has achieved under his chairmanship. I am pleased to be taking over from him as the Company enters a new phase in its development
when global investment in water filtration and treatment systems continues to grow. I look forward to working with our team to deliver
shareholder value."
Mr Avi Heifetz said: "It has been a great pleasure for me to be part of a dynamic team here at Amiad over the past three years during
which time we prepared the Company for its successful admission to AIM and then took it through the challenging period of 2006. I believe
that now is the right time to handover to Tal as Chairman given our achievements in 2007 and the strong foundations we have laid for the
future."
Enquiries:
Amiad Filtration Systems Ltd.
Rami Treger, Chief Executive Officer +972 4 690 9500
Itamar Eder, Chief Financial Officer
Corfin Communications
Harry Chathli, Neil Thapar, Clare Perks + 44 20 7977 0020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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