Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its
behalf by the undersigned, thereunto duly authorized.
SENSTAR TECHNOLOGIES ANNOUNCES THE RETIREMENT OF DROR SHARON FROM THE ROLE OF CEO
Ramat Gan, Israel, January 26, 2023
– Senstar Technologies (NASDAQ: SNT), a leading international provider of comprehensive physical, video, and access control security products and solutions, today announced that Mr. Dror Sharon, the Company's CEO since June 2018, will
retire from his role as the Company's CEO in the next few months
In the interim period, Mr. Sharon will continue to lead the Company and will assist the Company's Board, management, and the new CEO
to be appointed by the Board shortly.
Senstar Technologies Chairman of the Board, Mr. Gillon Beck, commented: "In the coming weeks the Board will finalize the selection
process of the Company's new CEO, and announce the appointment."
Mr. Beck added, “I would like to thank Dror for his key contributions to Senstar Technologies during his tenure as CEO, leading the
Company through the challenging period of global crisis due to the COVID-19 pandemic, the successful divestiture of the Company's projects division and the continuous establishment of Senstar as a global leader in its field. I wish Dror well and
much success in his future endeavors.”
Dror Sharon commented: “I
am proud to have led Senstar, a company with very strong inherent potential, for nearly five years. Over this time, together with my management team, we have successfully diversified the Company's Products business while completing the
divestiture of the Projects division. Additionally, the Company had successfully overcome the COVID-19 crisis. I leave Senstar in a good position and ready for the next step, and I look forward to transferring the responsibility for this
excellent company to my to-be-appointed successor.”
About Senstar Technologies
With innovative perimeter intrusion detection systems
(including fence sensors , buried sensors , and above
ground sensors ), intelligent video-management , video analytics , and access control , Senstar offers a
comprehensive suite of proven, integrated solutions that reduce complexity, improve performance and unify support. For 40 years, Senstar has been safeguarding people, places and property for organizations around the world, with a special focus
in utilities , logistics , corrections , and energy markets.
For more information, visit the Company's website at www.senstartechnologies.com.
Forward Looking Statements
This press release contains forward-looking statements, which are subject to risks and uncertainties. Such
statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events
and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional
discussion of forward-looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission. In addition, there is uncertainty about the spread of the COVID19 virus and the impact it will
have on the Company's operations, the demand for the Company's products, global supply chains and economic activity in general.
For more information:
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Senstar Technologies:
Tomer Hay
CFO
Tel: +972-74-794-5200
Tomer.Hay@senstar.com
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IR Contact:
Kim Rogers
Managing Director
Hayden IR
+1 541-904-5075
Kim@HaydenIR.com
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