PETACH-TIKVA, Israel,
Jan. 22, 2019 /PRNewswire/ -- Eltek
Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of
technologically advanced solutions in the field of printed circuit
boards, announced today that its Board of Directors has named
Alon Mualem as its Chief Financial
Officer, effective January 22, 2019.
Mr. Mualem will succeed Mr. Amnon Shemer, who resigned for
personal reasons.
Alon Mualem, 51, served as the
CFO of Mer Telemanagement Solutions Ltd., a company traded on
NASDAQ, from 2007 to 2018. Prior thereto, between 2005 and 2007,
Mr. Mualem served as the CFO of Xfone Inc. and Xfone 018
Ltd., a communications company dually listed in the US (AMEX) and
Israel (TASE). In previous roles,
Mr. Mualem served as a controller and CFO of hi-tech companies,
including establishing finance organization, financial support for
the growing business and an IPO of a Rad-Bynet company, as an Audit
Manager at Somekh-Chaikin – KPMG. Mr. Mualem holds a B.A. degree in
Accounting and Economics from Tel Aviv
University, and is a licensed CPA (Israel).
Mr. Eli Yaffe, CEO,
commented: "We are delighted to have Mr. Mualem on board, and
am confident that he will be an important factor in returning Eltek
to profitability, along with our whole management team. We thank
Mr. Shemer for his long and meaningful service to Eltek and wish
him all the best."
About Eltek
Eltek – "Innovation Across the Board", is a global manufacturer
and supplier of technologically advanced solutions in the field of
printed circuit boards (PCBs), and is the Israeli leader in this
industry. PCBs are the core circuitry of most electronic devices.
Eltek specializes in the manufacture and supply of complex and high
quality PCBs, HDI, multilayered and flex-rigid boards for the
high-end market. Eltek is ITAR compliant and has AS-9100 and NADCAP
Electronics certifications. Its customers include leading companies
in the defense, aerospace and medical industries in Israel, the United
States, Europe and
Asia.
Eltek was founded in 1970. The Company's headquarters, R&D,
production and marketing center are located in Israel. Eltek also operates through its
subsidiaries in North America and
in Europe and by agents and
distributors in Europe,
India, South Africa and South America.
For more information, visit Eltek's web site at
www.nisteceltek.com.
Forward Looking Statement:
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to statements regarding
expected results in future quarters, risks in product and
technology development and rapid technological change, product
demand, the impact of competitive products and pricing, market
acceptance, the sales cycle, changing economic conditions and other
risk factors detailed in the Company's Annual Report on Form 20-F
and other filings with the United States Securities and Exchange
Commission.
Investor Contact:
Eli
Yaffe
|
|
Alon
Mualem
|
Chief Executive
Officer
|
|
Chief Financial
Officer
|
eliy@nisteceltek.com
|
|
alonm@nisteceltek.com
|
+972-3-9395023
|
|
+972-3-9395023
|
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SOURCE Eltek Ltd.