Business
Caesarstone Names Yosef (Yos) Shiran as new Chief Executive Officer Effective March 16, 2023
MP MENASHE, Israel--(BUSINESS WIRE)-- Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today
About this update from Caesarstone Ltd.
[{"type":"text","content":" MP MENASHE, Israel--(BUSINESS WIRE)--\nCaesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today announced that Yosef (Yos) Shiran has been appointed as its Chief Executive Officer. Shiran, who previously served as Caesarstone’s Chief Executive Officer from 2009 to 2016, will reassume the role on March 16, 2023. Following Shiran’s appointment, Yuval Dagim, the current Chief Executive Officer, will step down and assist in ensuring business continuity and a smooth transition.\n\nShiran stated, “I am honored to rejoin Caesarstone as its CEO. Caesarstone is currently facing many challenges, but I believe that the Company has significant assets and potential, highlighted by its supportive Board of Directors and loyal employee base. I look forward to working with Yuval to ensure a smooth transition and renewing my collaboration with the talented Caesarstone employees in order to capitalize on the opportunities ahead. I am confident that as we work together we can empower our global position as an industry leader with a reputation for innovation, quality and service while creating value for all our stakeholders.”\n\nDr. Ariel Halperin, Caesarstone’s Chairman, added, “The Company is fortunate to welcome Yos back as CEO, who’s familiarity and achievements with the Company will provide unique value, agility, and insights as we restructure the Company and aim to restore value to our shareholders.”\n\nYosef Shiran has over 25 years of CEO experience for both private and publicly traded companies, including serving as CEO of Caesarstone from January 2009 until August 2016. Prior to Yosef’s current appointment as CEO of Caesarstone, he served as co-founder and CEO of SENSEQ Ltd. from September 2016, founder and CEO of Elight Ltd. from January 2020 and co-founder and chairman of the board of Inflow Ltd. from January 2021. Before his initial term as CEO of Caesarstone, Yosef was the CEO and director of Tefron Ltd. (NYSE: TFR) from January 2001 until August 2008, and prior thereto served as CEO of Technoplast Industries Ltd. from February 1995 until December 2000. Yosef has a B.Sc. in industrial engineering from Ben-Gurion University, Israel, and an MBA from Bar-Ilan University, Israel.\n\nHalperin continued, “Over the past four and a half years, the Board supported Yuval as he led the Comp...