SimiGon Limited Executive Management & Directorate Change (6262K)
August 30 2019 - 1:04AM
UK Regulatory
TIDMSIM
RNS Number : 6262K
SimiGon Limited
30 August 2019
SimiGon Ltd
("SimiGon", or the "Company")
Executive Management & Directorate Change
SimiGon, Ltd. (LSE: SIM), a global leader in modelling,
simulation and training solutions, is pleased to announce, further
to the announcement dated 1 August 2019, the appointment of a Chief
Operating Officer of Simigon Inc., the main trading subsidiary of
the Company, and a further change to the composition of the
Company's Non-Executive board.
Chief Operating Officer
Jack Sarnicki has been appointed as Chief Operating Officer of
Simigon Inc. Mr. Sarnicki has been identified as the best person to
drive the Company's US business forward and will work alongside Ami
Vizer and the rest of the executive team to execute on existing
opportunities as well as driving new business opportunities.
Mr. Sarnicki has over 24 years' experience in the United States
Air Force ("USAFR") where he held communication, combat and
technical engineering positions, ending his military career as
Chief Evaluation Engineer at the USAF's Simulation & Analysis
Facility. Mr. Sarnicki was also a command pilot having flown five
different USAF aircraft types during his career. Over the last
thirty years Mr. Sarnicki has held multiple private sector sales
and management positions for various aerospace and defence
businesses. Most recently Mr. Sarnicki held the position of Chief
Operating Officer at VT-Miltope, where he was responsible for the
daily management and operation of a $70 million ruggedized computer
manufacturer selling directly to the U.S. government, defense
contractors and commercial aerospace companies. The Board believe
his military and civilian careers make him a perfect candidate to
spearhead the growth of the Company's operations with a clear focus
on accelerating revenue growth.
Non-Executive Director
Deborah Bitman has decided to step down from the Board of
Directors and her position as Independent Non-Executive Director.
Mrs. Bitman will be replaced by Mrs. Ronit Schwartz subject to the
approval of her appointment by the Company's shareholders. Mrs.
Schwartz has considerable experience at board level of government
and publicly-traded companies, and has held a wide variety of
executive and non-executive roles during the course of her career.
Mrs. Schwartz is currently a director at Petroleum & Energy
Infrastructures, Ltd., Elad Canada and Amir Agricultural
Investments, Ltd. Mrs. Schwartz has 21 years' experience in banking
part of them as a financial executive and deputy director, skilled
in finance, credit risk, foreign currency trading, budgeting and
corporate governance. Mrs. Schwartz holds a BA in Economics and MBA
in Marketing and Finance from Tel Aviv University.
Ami Vizer, SimiGon's Chief Executive Officer and Chairman said:
"I am delighted to welcome Jack Sarnicki and Ronit Schwartz to the
SimiGon team as we continue to strengthen our corporate structure
and strategic reach. I am confident that Jack's considerable
experience in both the USAF and various related commercial roles
will be of great benefit to the Company as we focus on delivering
further revenue growth in the future. Jack has a large number of
relevant contacts in the industries which we see as our main
customer bases and we are confident that he will be able to utilise
these as we continue to broaden our customer base in line with our
ever developing service offerings.
Mrs. Schwartz brings significant financial and banking
experience as she joins the board as Independent Non-Executive
Director and I am confident that her considerable experience and
knowledge will be of great benefit to the Company".
Enquiries:
SimiGon Ltd
Ami Vizer, Chief Executive Officer/Chairman +1 (407) 951 5548
Efi Manea, Chief Financial Officer
finnCap (NOMAD & Broker) +44 (0) 20 7220 0500
Scott Mathieson / Matthew Radley (corporate
finance)
About SimiGon
SimiGon (AIM: SIM) is a leading developer and supplier of
distributed simulation solutions for defence and civilian
applications. SimiGon is the creator of SIMbox, a leading PC-based
platform for creating, managing and deploying simulation-based
content across multiple domains. Through its off the-shelf training
solutions for demanding high-skill occupations, SimiGon provides
diverse organizations with faster and more cost-effective training.
SimiGon's growing client base includes blue-chip training and
simulation systems providers as well as air forces and commercial
airlines worldwide. Founded in 1998, SimiGon maintains offices in
Israel and the United States.
The following information regarding Ronit Schwartz (aged 53) is
disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current Directorships Directorships held in the past
5 years
Petroleum & energy Infrastructure The Port of Ashdod Company Ltd
Ltd
-------------------------------
Elad Canada realty Inc. Chim-Nir Group
-------------------------------
Amir Agricultural Investments Ronit Schwartz Pollack Ltd
Ltd
-------------------------------
2theloo Israel Ltd
-------------------------------
As at the date of this announcement, Ronit Schwartz is not
beneficially interested in any Ordinary Shares in the Company.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
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END
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