Amiad Water Systems Ltd Appointment of Chief Financial Officer (9758Z)
December 17 2014 - 2:00AM
UK Regulatory
TIDMAFS
RNS Number : 9758Z
Amiad Water Systems Ltd
17 December 2014
17 December 2014
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Appointment of Chief Financial Officer
New CFO brings significant public company and water
infrastructure industry experience
Further to the announcement of 28 October 2014, Amiad (AIM:
AFS), a leading global producer of water treatment and filtration
solutions, is pleased to announce the appointment of Ms. Irit
Ben-Dov, aged 44, as Chief Financial Officer and V.P. Finance of
the Company with effect from 1 February 2015. At present, Ms.
Ben-Dov will not be appointed to the Board of Amiad.
Ms. Ben-Dov, a Certified Public Accountant, has approximately 20
years' financial management experience with public companies as
well as private businesses. She joins Amiad from Baccara Geva
A.C.S. Ltd., an Israeli manufacturer of pneumatics, automation and
control solutions, where she was V.P. of Business and Finance.
Since 2010, Ms. Ben-Dov has been an External Director of Polyram
Ltd, a TASE-listed manufacturer of components for the automotive,
electrical, irrigation and construction industries, where she is
Chairman of the Balance Sheet Committee. She has also been an
External Director of Caesarstone Sdot-Yam Ltd., a NASDAQ-listed
manufacturer of engineered quartz stone surfaces, since 2012 and
currently holds the position of Chairman of the Audit
Committee.
Prior to Baccara, Ms. Ben-Dov was CFO at Plassim, a manufacturer
of multi-purpose plastic piping systems and solutions for domestic
sanitation and waste discharge. Plassim is a wholly-owned
subsidiary of Gaon Agro Industries Ltd., a holding company that was
listed on TASE.
From 2003-2007, Ms. Ben-Dov was CFO of Maytronics Ltd., a
TASE-listed water treatment systems manufacturer and distributor,
headquartered in Israel with operations in the US and France. At
Maytronics, she was responsible for all financial management and
regulatory obligations with regards to TASE. She also played a
central role in leading strategic business processes, including the
listing on TASE, the foundation of the subsidiary in the US and the
establishment of its finance system, and the acquisition of a
company in France.
Prior to this, Ms. Ben-Dov was an accountant at Ernst &
Young. She began her career in 1996 as Cost Accountant at Kibbutz
Yizrael.
Eli Opper, Chairman of Amiad, said: "We are delighted to welcome
Irit Ben-Dov to Amiad. She brings significant public company and
water infrastructure industry experience, and we look forward to
benefiting from her expertise as we continue to progress. The Board
would also like to express our thanks to Amir Harel, our outgoing
CFO, for his contribution to the Company since joining Amiad in
2011 and wish him well in his future endeavours."
Arik Dayan, Chief Executive Officer of Amiad, added: "I am
extremely grateful to Amir for his tremendous work over the last
three years. In particular, he has worked tirelessly to implement
SAP and to integrate the financial systems of our various
subsidiaries as well as being instrumental in the integration of
the Arkal acquisition and helping me navigate through a
transitional period. Thanks to his efforts, the foundations of
Amiad have never been stronger. As we move to the next stage in our
development, I look forward to working alongside Irit Ben-Dov, and
leveraging her expertise, to maintain this momentum and to continue
to grow our business."
Other than set out below, there are no other matters required to
be disclosed pursuant to paragraph (g) of schedule 2 of the AIM
Rules.
Regulatory disclosures:
Ms. Irit Ben-Dov
----------------------------------------------------------------
Current Directorships Directorships within the last five
years
-------------------------- ------------------------------------
Polyram Ltd. Miluot Development Company of Haifa
Gulf Farmsteads Ltd.
-------------------------- ------------------------------------
Caesarstone Sdot-Yam Ltd. Yizrael Tamuz Ltd.
-------------------------- ------------------------------------
Enquiries
Amiad Water Systems Ltd.
------------------------------------- -----------------
Arik Dayan, Chief Executive Officer +972 4 690 9500
------------------------------------- -----------------
Oriel Securities Ltd
------------------------------------- -----------------
Juliet Thompson, Giles Balleny +44 20 7710 7600
------------------------------------- -----------------
Luther Pendragon
------------------------------------- -----------------
Harry Chathli, Claire Norbury,
Oliver Hibberd +44 20 7618 9100
------------------------------------- -----------------
About Amiad
Amiad Water Systems (AIM: AFS) is a leading global producer of
automatic, self-cleaning water treatment and filtration products
and systems. Through its engineering skills and ability to
innovate, Amiad provides cost-effective "green" solutions for the
industrial, municipal, irrigation, oil & gas and ballast water
markets. In these segments its patented products are being
integrated into the core of systems for filtration and water
treatment, micro irrigation and membrane protection, wastewater and
potable water treatment, cooling systems and sea water
filtration.
Headquartered in Israel, Amiad provides these solutions through
nine subsidiaries and a comprehensive network of over 170
distributors to customers in more than 80 countries.
For additional information or product details, please visit
www.amiad.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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