Amiad Water Systems Ltd Management Change (4044D)
28 October 2020 - 6:00PM
UK Regulatory
TIDMAFS
RNS Number : 4044D
Amiad Water Systems Ltd
28 October 2020
28 October 2020
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Management Change
Amiad (AIM: AFS), a leading global producer of water treatment
and filtration solutions, announces that Avishay Afriat, Chief
Financial Officer of the Company, has today formally given notice
of his intention to step down from his position. He will remain
with the Company until the end of the year to enable an orderly
handover with his successor. The Board of Amiad has identified a
potential candidate to assume the CFO role and will update the
market in due course.
Yariv Avisar, Chairman of Amiad, said: "We thank Avishay for his
tremendous service to Amiad over the last 11 years. During that
time, he has been instrumental in establishing many of the
budgeting and reporting systems we have in place today and, most
recently as CFO, has helped steer the business through some
challenging periods. We are grateful for his contribution and wish
him all the best in his future endeavours."
Enquiries
Amiad Water Systems Ltd.
Yariv Avisar, Chairman
Dori Ivzori, Chief Executive
Officer +972 4 690 9500
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Stifel Nicolaus Europe Ltd.
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Stewart Wallace, Ben Maddison +44 20 7710 7600
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Luther Pendragon
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Harry Chathli, Claire Norbury +44 20 7618 9100
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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
irrigation and industrial purposes. In these markets, its unique
and high-quality 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 ten subsidiaries and a
comprehensive network of distributors to customers in more than 80
countries.
FIMI Opportunity Funds, the leading private equity investor in
Israel, is a controlling shareholder of Amiad, with an interest in
39.5% of the Company's outstanding issued share capital.
For additional information or product details, please visit
www.amiad.com .
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END
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