Telit Communications PLC Appointment of Chief Financial Officer (1475Y)
07 September 2020 - 4:00PM
UK Regulatory
TIDMTCM
RNS Number : 1475Y
Telit Communications PLC
07 September 2020
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
Telit Communications PLC
Appointment of Chief Financial Officer
London, 7 September 2020 - Telit Communications PLC ("Telit",
"the Group", AIM: TCM), a global enabler of the Internet of Things,
is pleased to announce the appointment of Eyal Shefer as Chief
Financial Officer effective 7 September 2020, succeeding Yariv
Dafna who leaves the Group in order to take up a new role. Eyal
will also replace Yariv on the Group Board of Directors.
Eyal Shefer, aged 40, joined Telit in October 2019 as Vice
President, Finance. He is a qualified CPA, holds a BA in Economics
and Accounting from Bar-Ilan University and an MBA in Finance from
the College of Management Academic Studies (Israel). Prior to
joining Telit, Eyal developed considerable relevant experience
working in senior finance roles in listed international technology
businesses, including Magic Software Enterprises (listed on the
NASDAQ Global Select and Tel Aviv exchanges), DSP Group (NASDAQ)
and Check Point Software (NASDAQ).
Simon Duffy, Chairman of Telit Communications, commented: "Yariv
leaves with our thanks for his contribution over the last seventeen
years at Telit and with our best wishes for his new role . We are
pleased to announce the promotion of Eyal to Chief Financial
Officer and to welcome him to the Board. He has worked closely with
Yariv since he joined Telit last year and brings significant and
relevant financial expertise to the role. Eyal has also been deeply
involved in all aspects of our response to the coronavirus and has
already driven positive change and improvements within the
business."
Enquiries:
Telit Communications PLC c/o FinElk
Simon Duffy, Chairman
Paolo Dal Pino, Chief Executive Officer
finnCap (Nomad and Broker) Tel: +44 20 7220
Henrik Persson/Giles Rolls/Charlie Beeson 0500
(corporate finance)
Tim Redfern / Richard Chambers (ECM)
FinElk Tel: +44 20 7631
8618
Robin Haddrill/ Cornelia Schnepf Email: telit@finelk.eu
About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT)
enablement, with an extensive portfolio of wireless connectivity
modules, software platforms and global IoT connectivity services,
empowering hundreds of millions of connected 'things' to date, and
trusted by thousands of direct and indirect customers, globally.
With over two decades of IoT innovation experience, Telit continues
to redefine the boundaries of digital business, by delivering
secure, integrated end-to-end IoT solutions for many of the world's
largest brands, including enterprises, OEMs, system integrators and
service providers across all industries, enabling them to simplify,
connect and manage IoT at any scale.
# # #
Copyright (c) 2020 Telit Communications PLC. All rights
reserved. Telit, Telit OneEdge and all associated logos are
trademarks of Telit Communications PLC in the United States and
other countries. Other names used herein may be trademarks of their
respective owners.
Additional Information
In accordance with the AIM Rules, the following information
required to be disclosed in relation to Eyal Shefer is set out
below. Other than this information, there is no further information
required to be disclosed under paragraph (g) of Schedule Two of the
AIM Rules.
Eyal Shefer (formerly Shpritzer), age 40, holds nil Ordinary
Shares, nil Options over Ordinary Shares in the Company and 20,000
RSUs.
Current directorships Previous directorships within the
last 5 years
Telit Communications Spain None
S.L.
Telit Communications India
Pvt. Ltd
Telit Wireless Solutions
Co. Ltd.
Dai Telecom Holdings (2000)
Ltd
Telit Communications India
Private Limited
Sahar-(not for profit organisation)
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