09 October
2024
ETHERNITY NETWORKS
LTD
("Ethernity" or the
"Company")
Director
change
Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a
leading supplier of data processing semiconductor technology for
networking appliances, announces that Ayala Deutsch has decided to
step down from her position as Chief Financial Officer (CFO) and
board member, with immediate effect.
The board has commenced a search for
a suitable replacement candidate for the CFO role and announces
that Tomer Assis has assumed the position with immediate effect,
initially in a non-board capacity. Tomer is a tech leader, with two
decades of significant impact in start-ups and public companies
worldwide. As a co-founder, CEO and CFO, he accelerated growth in
tech firms. He is a Certified Public Accountant with a B.B. in
Business Administration, Accounting, and Finance and his expertise
spans business strategy, M&A, IPOs, listed companies,
fundraisings, investor relations, global operations and business
development. Tomer's insights will provide the Company with
invaluable guidance, enabling Ethernity to effectively navigate
complex financial landscapes, and the Board is confident that his
expertise will contribute significantly to the Company's future
growth.
David Levi, Ethernity's CEO, commented:
"I would like to sincerely thank Ayala for her
dedication and valuable contributions over the past five years. I
especially appreciate her willingness to take on the CFO role a
year ago during a challenging period for the company. I wish Ayala
all the best in her future endeavors. I am also delighted to
welcome Tomer to Ethernity. He joins at an exciting juncture for
the business."
For
further information, please contact:
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Ethernity Networks Ltd
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Tel: +972 3 748 9846
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David Levi, Chief Executive
Officer
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Allenby Capital Limited (Nominated Adviser and Joint
Broker)
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Tel: +44 (0)20 3328 5656
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James Reeve / Piers Shimwell
(Corporate Finance)
Amrit Nahal / Stefano Aquilino
(Sales and Corporate Broking)
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CMC
Markets UK plc (Joint Broker)
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Tel: +44 (0)20 3003 8632
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Douglas Crippen
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Peterhouse Capital Limited (Joint Broker)
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Tel: +44 (0)20 7562 0930
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Lucy Williams / Duncan Vasey / Eran
Zucker
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About Ethernity (www.ethernitynet.com)
Ethernity Networks (AIM: ENET.L)
provides innovative, comprehensive networking and security
solutions on programmable hardware for accelerating telco/cloud
networks. Ethernity's semiconductor logic offers complete Carrier
Ethernet Switch Router data plane processing and control software
with a rich set of networking features, robust security, and a wide
range of virtual function accelerations to optimize
telecommunications networks. Ethernity's complete solutions quickly
adapt to customers' changing needs, improving time-to-market, and
facilitating the deployment of 5G, edge computing, and Broadband
Networks.