Amiad Water Systems Ltd Appointment of CFO (8366H)
December 08 2020 - 1:00AM
UK Regulatory
TIDMAFS
RNS Number : 8366H
Amiad Water Systems Ltd
08 December 2020
8 December 2020
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Appointment of Chief Financial Officer
Further to the Company's announcement of 28 October 2020, Amiad
(AIM: AFS), a leading global producer of water treatment and
filtration solutions, announces the appointment of Relly Shimko as
Chief Financial Officer ("CFO") of the Company with immediate
effect.
While, similar to her predecessor, Mrs Shimko is not being
appointed to the Board of Amiad, she will be responsible, along
with the Board and Dori Ivzori, for the Company's compliance with
the AIM Rules and for providing the Board with information that the
Company needs in order to comply with those Rules. She will also
attend Board meetings when requested to do so by the Board.
Mrs Relly Shimko (neƩ Rozenbaum), aged 49, is a Certified Public
Accountant with over 20 years' experience in managing the financial
operations of companies in Israel and the USA. This includes three
years as CFO of Gadot Chemical Tankers & Terminals Ltd of the
Gadot Group, an international leader in operations service
provision and supply and value chain management in the chemical
industry, where she had overall responsibility for the group's
financial systems and reporting as well as leading a number of
M&A transactions. She also spent four years as CFO of Retalix
USA, Inc, a global enterprise technology provider for the retail
and hospitality industries.
Other experience includes working as a Controller at Apax
Partners, one of the world's largest private equity and venture
capital firms. In this role, Mrs Shimko managed the financial
tracking of portfolio companies in Israel from investment to exit
and was involved in a number of financial transactions. Mrs Shimko
began her career as an auditor with a local firm before becoming
Auditor Supervisor at PricewaterhouseCoopers in Tel Aviv,
Israel.
Yariv Avisar, Chairman of Amiad, said: "We are pleased to
welcome Relly Shimko as CFO of Amiad. She brings great experience
of working with global companies and investment communities. We
look forward to benefiting from her expertise as we continue to
progress and seek to expand our business."
Other than the below, there are no other matters required to be
disclosed pursuant to paragraph (g) of Schedule Two to the AIM
Rules for Companies as regards Mrs Shimko's appointment. Mrs Shimko
has no shareholding in the Company.
Current directorships/partnerships Directorships/partnerships within
the last five years
K.H.R Pharmaceutical Study Funds VLS-GROUP GERMANY GMBH
VLS-Group Belgium NV
Chemship BV
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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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