Radware Announces Changes to Its Board of Directors
September 10 2020 - 6:00AM
Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today announced that its board of
directors has appointed Mr. Stanley B. Stern and Ms. Naama Zeldis
to serve as independent directors of Radware’s Board of Directors.
Mr. Stern and Ms. Zeldis will serve as members of the Board until
the Company’s upcoming 2020 annual meeting of shareholders, when
their appointments will be up to a shareholder vote.
“Both new board members bring a wealth of experience, talent,
and energy to Radware’s board,” said Mr. Yehuda Zisapel, Chairman
of Radware’s Board of Directors. “We are very fortunate to
have them by our side. Mr. Stern’s more than 30 years of experience
across the financial, M&A and technology sectors, combined with
Ms. Zeldis financial acumen and strong operational expertise will
add a valuable perspective to our board. We are looking
forward to integrating their advice and experience into our
strategic plans for growth.”
Mr. Stern is currently the chairman of the board of directors of
AudioCodes Ltd. and serves as a member of the boards of directors
of Ormat Technologies, Inc., as well as several other companies. In
the past, Mr. Stern was a board member of several public and
private companies, including Given Imaging Ltd., and the chairman
of the board of Tucows, Inc. and of SodaStream International Ltd.,
where he served as chairman of the board of directors from 2015 to
2018 until the company was acquired by Pepsico. Previously, Mr.
Stern was a Managing Director at Oppenheimer & Co. from
1995-2000 and from 2004 to 2013, where, among other positions, he
led the firm's investment banking department and technology
investment banking groups. Mr. Stern holds a B.A. degree in
economics and accounting from City University of New York, Queens
College, and an M.B.A. from Harvard University.
Ms. Zeldis currently serves as the CEO of Aquarius-Spectrum
Ltd. and is also currently serving as a member of the board
of directors of Orbit Technologies Ltd. Ms. Zeldis has also served
as a member of the boards of directors of several other companies
that are at the forefront of the Israeli industry, including
Metalink Ltd., Nova Measuring Instruments Ltd., and Rafael Advanced
Defense Systems Ltd. . Formerly, Ms. Zeldis has also served as CFO
for a variety of leading high-tech and industrial companies such as
Tahal Group, Netafim, and Electronic Data Systems. She holds a B.A.
degree in accounting from the Tel Aviv University and a B.A. degree
in economics and an M.B.A from the Hebrew University in
Jerusalem.
Additionally, Mr. Avraham Asheri and Mr. Joel Maryles are
stepping down from Radware’s Board. Mr. Asheri is stepping
down for medical reasons after serving on the Radware board for 11
years, and Mr. Maryles has stepped down after serving 6.5 years on
the Radware board and will dedicate more time to his other business
and philanthropic interests.
Mr. Zisapel added, “We wish to take this opportunity to thank
Mr. Maryles and Mr. Asheri for their contributions to Radware. We
are thankful for their dedication and acumen and the knowledge they
brought to Radware throughout the years and wish them well in the
future.”
ABOUT RADWARERadware® (NASDAQ: RDWR), is a
global leader of cyber security and application delivery solutions
for physical, cloud, and software defined data centers. Its
award-winning solutions portfolio secures the digital experience by
providing infrastructure, application, and corporate IT protection
and availability services to enterprises globally. Radware’s
solutions empower more than 12,500 enterprise and carrier customers
worldwide to adapt to market challenges quickly, maintain business
continuity and achieve maximum productivity while keeping costs
down. For more information, please visit www.radware.com.
Radware encourages you to join our community and follow us
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©2020 Radware Ltd. All rights reserved. Any Radware products and
solutions mentioned in this press release are protected by
trademarks, patents and pending patent applications of Radware in
the U.S. and other countries. For more details please
see: https://www.radware.com/LegalNotice/. All other
trademarks and names are property of their respective owners.
Safe Harbor Statement
This press release includes “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Any statements made herein that are not
statements of historical fact, including statements about Radware’s
plans, outlook, beliefs or opinions, are forward-looking
statements. Generally, forward-looking statements may be identified
by words such as “believes,” “expects,” “anticipates,” “intends,”
“estimates,” “plans,” and similar expressions or future or
conditional verbs such as “will,” “should,” “would,” “may” and
“could.” Because such statements deal with future events, they are
subject to various risks and uncertainties, and actual results,
expressed or implied by such forward-looking statements, could
differ materially from Radware’s current forecasts and estimates.
Factors that could cause or contribute to such differences include,
but are not limited to: the impact of global economic conditions
and volatility of the market for our products; natural disasters
and public health crises, such as the coronavirus disease 2019
(COVID-19) pandemic; our ability to expand our operations
effectively; timely availability and customer acceptance of our new
and existing solutions; risks and uncertainties relating to
acquisitions or other investments; the impact of economic and
political uncertainties and weaknesses in various regions of the
world, including the commencement or escalation of hostilities or
acts of terrorism; intense competition in the market for cyber
security and application delivery solutions and in our industry in
general and changes in the competitive landscape; changes in
government regulation; outages, interruptions or delays in hosting
services or our internal network system; compliance with open
source and third-party licenses; the risk that our intangible
assets or goodwill may become impaired; our dependence on
independent distributors to sell our products; long sales cycles
for our solutions; changes in foreign currency exchange rates;
undetected defects or errors in our products or a failure of our
products to protect against malicious attacks; the availability of
components and manufacturing capacity; the ability of vendors to
provide our hardware platforms and components for our main
accessories; our ability to protect our proprietary technology;
intellectual property infringement claims made by third parties;
changes in tax laws; our ability to realize our investment
objectives for our cash and liquid investments; our ability to
attract, train and retain highly qualified personnel; and other
factors and risks over which we may have little or no control. This
list is intended to identify only certain of the principal factors
that could cause actual results to differ. For a more detailed
description of the risks and uncertainties affecting Radware, refer
to Radware’s Annual Report on Form 20-F, filed with the Securities
and Exchange Commission (SEC) and the other risk factors discussed
from time to time by Radware in reports filed with, or furnished
to, the SEC. Forward-looking statements speak only as of the date
on which they are made and, except as required by applicable law,
Radware undertakes no commitment to revise or update any
forward-looking statement in order to reflect events or
circumstances after the date any such statement is made. Radware’s
public filings are available from the SEC’s website at www.sec.gov
or may be obtained on Radware’s website at www.radware.com.
Media Contacts:Deborah
SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Investor Relations:Anat Earon-Heilborn+972
723917548ir@radware.com
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