AIRPORT CITY BUSINESS PARK, Israel, April 4,
2013 /PRNewswire/ --
RRsat Global Communications Network Ltd. (NASDAQ: RRST),
a leading provider of comprehensive content management and global
distribution services to the television and radio broadcasting
industries today announced several changes to the company's
operational leadership team, designed to support and accelerate
growth. The changes include:
On April 1, 2013, Mr. Ohad Har-Lev was appointed president of the
company's U.S. subsidiary, RRsat America Global Communications
Network Inc. Mr. Har-Lev most recently served as RRsat's MSS
Managing Director as well as Corporate General Counsel and Company
Secretary. The appointment of Mr. Har-Lev, who has extensive
experience as a leader in the communications technology field,
reflects RRsat's strong commitment to significantly expand its
presence and activities in the US market. Mr. Har-Lev previously
held senior positions as VP, Business Development and General
Counsel of Kamor Ltd (TASE: KMOR); VP, General Counsel &
Business Development fiber optics division of Gilat Satcom (TASE
and AIM); and corporate counsel at Amdocs (NASDAQ: DOX).
RRsat also announced the appointment of Ms. Tzurit Golan as VP,
Human Resources & Organizational Development. Ms. Golan has
held executive HR positions in leading high-tech companies such as
AudioCodes (NASDAQ: AUDC), where she served as Head of
International HR, and VP HR at Orbit Technologies Ltd (TASE:
ORBI).
In addition, RRsat has appointed Mr. Shmulik Koren as CFO as of May 1, 2013. Mr. Koren is an experienced
executive leader who served as CFO and CEO of public companies.
Prior to joining RRsat, Mr. Koren served as CFO and COO of Orbit
Technologies Ltd. (TASE: ORBI) where over the last three years he
was responsible for worldwide finance, facility, IT, legal, IR and
operations departments. Prior to Orbit, between 2006 to 2009, Mr.
Koren served as President and CEO of Better Online Solutions
(B.O.S.) Ltd. (NASDAQ & TASE: BOSC). Previously, from 1999 to
2006, he served as CFO and a director of Visonic Group
(London & TASE: "VSC.L" &
"VSC.TA"). RRsat's CEO, Mr. Avi
Cohen, and Mr. Koren worked together at Orbit as CEO and CFO
for more than three years. Mr. Itzik
Zion, who has served as the company's CFO since December 2011, will be leaving the company in May
to pursue personal interests. Mr. Zion will work with Mr. Koren to
facilitate a smooth transition.
"We are excited with the appointments of Ohad, Tzurit and
Shmulik, three talented and experienced executives," said
Avi Cohen, Chief Executive Officer
of RRsat. "Each of these proven executives brings to the job
outstanding industry knowledge as well as impressive leadership and
professional abilities. Ohad's new role and the addition of Tzurit
and Shmulik, both of whom I had the pleasure of working closely
together at Orbit, to the RRsat management team, are among the
organizational changes we are implementing toward executing on our
growth strategy in general. Specifically, our goal is to increase
our North American business, and these appointments will facilitate
our efforts to focus on target geographies, particularly
the United States, create local
leadership, expand our sales organization, and add local
origination capabilities. These strategic initiatives will further
improve our offerings and make us more attractive to major U.S.
customers and support our increased focus on live sports and
events, leveraging the SM2 acquisition. We are confident that they
are the right people to help drive our successful journey going
forward."
About RRsat Global
Communications Network Ltd.
RRsat Global Communications Network Ltd. (NASDAQ: RRST) provides
global, end-to-end, content management and distribution services to
the rapidly expanding television and radio broadcasting industries,
covering more than 150 countries. Through its RRsat Global Network,
composed of satellite and terrestrial fiber optic capacity and the
public Internet, RRsat provides high-quality and flexible global
distribution services 24/7 to more than 630 channels reaching
multiplatform operators, Internet TV and direct-to-home
viewers worldwide and also offers occasional use services
for sports, news and events with a fleet of flyaways and over
10 transportable satellite news gathering services (SNG)
units. More than 130 television and radio channels use
RRsat's advanced production and playout centers comprising
comprehensive media asset management services. Visit the company's
website http://www.rrsat.com
Safe Harbor Statement
This press release contains forward looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, including statements regarding (i) our ability to
consummate the transaction in a timely manner, or at all, (ii) our
ability to successfully integrate the acquired assets,
(iii) the growth of our business in the United States and elsewhere, (iv) the
growth of our OU business, (v) our ability to build a
stronger local presence in the North American
region, (vi) our expectation to expand our client base
and sell additional services to our existing client
base, and (vii) our ability to report future
successes. These forward-looking statements involve known
and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
companies and the industry as of the date of this press release. We
undertake no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes
in our expectations, except as may be required by law.
Forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially from those
contemplated by the forward-looking statements, including the risks
indicated in our filings with the Securities and Exchange
Commission (SEC). For more details, please refer to our SEC filings
and the amendments thereto, including our Annual Report on Form
20-F for the year ended December 31,
2012 and our Current Reports on Form 6-K.
Company Contact Information:
Miki Hakak, Head of Marketing
Tel: +972-3-9280808
marketing@RRsat.com
Investor Relations Contacts:
Hayden/MS-IR LLC
Brett Maas/ Miri Segal-Scharia
+1-646-536-7331/ +1-917-607-8654
Brett@haydenir.com/ msegal@ms-ir.com
SOURCE RRSat Global Communications Network Ltd