Amiad Water Systems Ltd Appointment of Chief Financial Officer (2212T)
March 19 2019 - 2:00AM
UK Regulatory
TIDMAFS
RNS Number : 2212T
Amiad Water Systems Ltd
19 March 2019
19 March 2019
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Appointment of Chief Financial Officer
Further to the announcement of 13 November 2018, Amiad (AIM:
AFS), a leading global producer of water treatment and filtration
solutions, is pleased to announce that, after considering external
and internal candidates, it has today promoted Mr. Avishay Afriat,
the Company's Global Controller of finance and finance manager for
the EMEA region, to the position of Chief Financial Officer and
V.P. Finance with immediate effect. Mr. Afriat is not being
appointed to the Board of Amiad. Mr. Afriat replaces Ms. Irit
Ben-Dov who has been appointed to the position of EMEA Region
Manager of Amiad.
Mr. Afriat, aged 41 and a Certified Public Accountant, has been
with Amiad since September 2009 as Global Controller. Over the past
nine years, he has been instrumental in establishing the Company's
current financial infrastructure and reporting procedures as well
as being responsible for managing the Company's budget process. He
has led the global accounting unit and has undertaken the
management of Amiad's financial teams across the Company's
subsidiaries. Most recently, in addition to his role as Global
Controller, Mr. Afriat served as the Company's global treasurer and
finance manager for the EMEA region.
Prior to joining Amiad, Mr. Afriat was a senior manager in the
audit division at PricewaterhouseCoopers. He holds a BA degree in
Economics and Accounting from Ben-Gurion University and an MBA in
Business & Finance from the College of Management Academic
Studies.
Dori Ivzori, Chief Executive Officer of Amiad, said: "We are
pleased that Avishay will be taking on the role of Amiad CFO. For
almost 10 years, he has held a senior position in our finance team
and has been instrumental in establishing the budgeting and
reporting procedures that we have in place today. We will benefit
from his extensive experience of working with our subsidiaries
around the globe as well as supporting our requirements as a public
company, which will enable us to remain wholly focused on growing
our business."
There are no other matters required to be disclosed pursuant to
paragraph (g) of Schedule Two to the AIM Rules for Companies as
regards Mr. Afriat's appointment.
Enquiries
Amiad Water Systems Ltd.
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 Ltd.
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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 the
industrial, municipal, irrigation, oil & gas and ballast water
markets. In these segments its patented 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
nine subsidiaries and a comprehensive network of over 170
distributors to customers in more than 80 countries.
For additional information or product details, please visit
www.amiad.com.
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contact rns@lseg.com or visit www.rns.com.
END
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