Kornit Digital to Establish a New Global Business Line Dedicated to Digital On-Demand Production Management
November 23 2020 - 9:00AM
Kornit Digital (Nasdaq: KRNT), a company that develops,
manufactures and markets industrial digital printing technologies
for the textile industry, announced today the appointment of Guy
Avidan as President of its newly formed business line focused on
accelerating the digital transformation of the textile industry to
on-demand sustainable production. The Company also announced the
appointment of Alon Rozner as its next Chief Financial Officer,
effective December 1, 2020.
The inflection point in the textile industry and the massive
shift to e-commerce continues to accelerate the need to digitally
transform the supply chain and adopt on-demand sustainable textile
production. The newly formed business line will focus on enabling
brands, retailers, and marketplaces to realize the benefits of
digitization by connecting to the most suitable on-demand
production and logistics operations, while ensuring consistency,
quality and brand integrity.
“Interest in adopting our cloud workflow platform and network
for on-demand sustainable production is extremely strong. We
believe there is a huge opportunity here for Kornit to build a
significant incremental business and leverage the success of the
Custom Gateway acquisition, which serves as the foundation for this
strategic initiative,” said Ronen Samuel, Kornit Digital’s CEO. “I
am confident that Guy will lead this strategic initiative to great
success and would like to thank him for his contribution to
Kornit’s success in his years of service as our CFO.”
“Kornit is on an amazing journey and I am honored to have had
the privilege of taking the company public as CFO and am now
excited to take on this next opportunity to lead the continued
execution of Kornit’s vision. This new business line will play an
integral part in Kornit’s evolution as the leader in digital
transformation of the textile industry,” said Guy Avidan, Kornit
Digital’s CFO.
“I am pleased to welcome Alon Rozner to Kornit as our new CFO.
Alon brings more than 20 years of financial management experience
to the role, and his exceptional leadership capabilities will be
essential as we continue to execute on our profitable growth
strategy,” said Ronen Samuel.
In his latest role, Mr. Rozner served as the CFO of Orbotech, a
leading global supplier of yield-enhancing and process-enabling
solutions for the electronics manufacturing industry. Orbotech was
traded on NASDAQ (NASDAQ: ORBK) until its acquisition by KLA
(NASDAQ: KLAC) in February 2019. During his 13-year tenure at
Orbotech he served in a broad range of senior finance, business and
operational positions, including executive management positions in
the Company’s operations in Asia Pacific. Prior to Orbotech, Mr.
Rozner served as chief financial officer of Wintegra Inc. a Fabless
semiconductor company and as an accountant for Ernst & Young –
Israel. He is a CPA and holds a B.A. in Business Administration and
Accounting from The Israeli College of Management.
“I am excited to join Kornit as it continues to transform the
textile industry and scale profitably,” said Rozner. “Kornit is
extremely well positioned to capture the massive opportunity and I
look forward to working with the team to achieve our goals and
create value for all our stakeholders.”
About Kornit DigitalKornit Digital Ltd.
(NASDAQ: KRNT) develops, manufactures and markets industrial
digital printing technologies for the garment, apparel and textile
industries. Kornit delivers complete solutions, including digital
printing systems, inks, consumables, software and after-sales
support. Leading the digital direct-to-garment printing market with
its exclusive eco-friendly NeoPigment printing process, Kornit
caters directly to the changing needs of the textile printing value
chain. Kornit’s technology enables innovative business models based
on web-to-print, on-demand and mass customization concepts. With
its immense experience in the direct-to-garment market, Kornit also
offers a revolutionary approach to the roll-to-roll textile
printing industry: digitally printing with a single ink set onto
multiple types of fabric with no additional finishing processes.
Founded in 2002, Kornit Digital is a global company, headquartered
in Israel with offices in the USA, Europe and Asia Pacific, and
serves customers in more than 100 countries worldwide.
Investor Contact:Kelsey TurcotteThe Blueshirt
Group(917) 842-0334Kelsey@blueshirtgroup.com
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