Amiad Water Systems Ltd Directorate Change (3756A)
June 07 2016 - 02:01AM
UK Regulatory
TIDMAFS
RNS Number : 3756A
Amiad Water Systems Ltd
07 June 2016
7 June 2016
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Directorate Change
Amiad (AIM: AFS), a leading global producer of water treatment
and filtration solutions, announces that Mr Arik Dayan, the
Company's Chief Executive Officer and Director, yesterday informed
the Board of Directors of his intention to step down from his post
to pursue other interests and new challenges. Arik Dayan will
remain as the CEO and on the Board of Directors until a replacement
is found and a period of orderly handover occurs.
Arik Dayan, Chief Executive Officer of Amiad, said: "After
thoughtful consideration I have taken this decision to step down as
the CEO of the Company. In my 16 years at the Company, seven of
those as Chief Executive, it has been my privilege to lead Amiad
and see it become a leading global producer of water treatment and
filtration solutions. I wish all the Amiad employees and
stakeholders continued success."
The Board has formed a search committee comprising the Chairman
of the Board of Directors, Eli Opper, and non-executive directors,
Amos Shalev and Derek Zissman, to find a replacement. The Board has
resolved to proceed with a gradual succession process for the
position of the Company's CEO.
Mr Eli Opper, Chairman of Amiad, commented: "On behalf of the
Board of Directors and the whole of Amiad, we thank Arik for his
exemplary service to the Company over the last two decades. We are
sorry to see him leave and we wish him all the best for the future.
We will commence the search for his replacement and update the
market in due course."
Enquiries
Amiad Water Systems Ltd.
-------------------------------- -----------------
Eli Opper, Chairman
Arik Dayan, Chief Executive
Officer
Irit Ben-Dov, Chief Financial
Officer +972 4 690 9500
-------------------------------- -----------------
Stifel Nicolaus Europe
Ltd.
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Stewart Wallace, Ben Maddison +44 20 7557 6030
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Luther Pendragon Ltd.
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Harry Chathli, Claire Norbury +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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