YEHUD, Israel, September 6, 2016 /PRNewswire/ --
Magal Security Systems Ltd. (NASDAQ:
MAGS) announced today that Mr. Kobi
Vinokur has been appointed as CFO of the Company. Mr.
Vinokur will replace Mr. Ilan
Ovadia, who has been Magal's CFO since 2009. Mr. Vinokur is
expected to replace Mr. Ovadia following a transition period.
Mr. Vinokur joins Magal following a successful career in finance
leadership roles at various global organizations. Mr. Vinokur
previously served for three years as Chief Financial Officer of
Miya (Arison Group), a global provider of comprehensive water
efficiency solutions and a water utilities operator. Prior to that,
Mr. Vinokur served in several key leadership positions at Brink's
Company (NYSE: BCO), a global leader in cash logistics, including
Chief Financial Officer - Developing Markets division, Director of
Procurement - EMEA division and Director of Finance - Global
Services division. Prior to his career with Brink's, Mr. Vinokur
served as an Executive Director at Shapira Films, one of the
leading film distribution and production companies in Israel, as well as a Head of Treasury at the
Ministry of Defence of Israel.
In 2016, the Israeli CFO Forum honoured Mr. Vinokur with its
annual CFO Excellence award. Mr. Vinokur, a certified public
accountant in the United States
and Israel, holds a B.A. degree in
Accounting and Economics (magna cum laude) from Haifa University and a M.B.A. degree (cum laude)
from Tel Aviv University. Mr. Vinokur
is also a graduate of Harvard Business
School's Leadership Development Program.
Magal's CEO Mr.
Saar Koursh,
commented: "We look forward to having Kobi join us and assist
us in moving to the next stage of our Company's growth. Kobi brings
many years of solid experience in organizations from both the
private sector, including Brinks and Miya of the Arison Group, as
well as the governmental and defense sectors."
Mr. Koursh added: "I would like to thank Ilan for
his long and valuable contribution to Magal. I wish Ilan well and
much success in his future endeavors."
About Magal
Magal is a leading international provider of solutions and
products for physical and cyber security, as well as safety and
site management. Over the past 45 years, Magal has delivered
tailor-made security solutions and turnkey projects to hundreds of
satisfied customers in over 80 countries - under some of the most
challenging conditions.
Magal offers comprehensive integrated solutions for critical
sites, managed by Fortis4G - our 4th generation, cutting-edge PSIM
(Physical Security Information Management system). The solutions
leverage our broad portfolio of homegrown PIDS (Perimeter Intrusion
Detection Systems), advanced VMS with native IVA and Cyber Security
solutions.
For more information:
Magal Security Systems Ltd.
Saar Koursh, CEO
Tel: +972-3-539-1421
Assistant: Ms. Elisheva Almog
E-mail: elishevaa@magal-s3.com
Web: http://www.magal-s3.com
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
E-mail: magal@gkir.com
SOURCE Magal Security Systems, Ltd