Business
Appointment of Non-Exec Chairman and Notice of EGM
Appointment of Non-Exec Chairman and Notice of EGM.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 6947R\n Ethernity Networks Ltd\n 10 March 2021\n \n \n \n \n 10 March 2021\n \n \n ETHERNITY NETWORKS LTD.\n \n \n (\"Ethernity\" or the \"Company\")\n \n \n Appointment of Non-Executive Chairman of the Board \n \n \n and Notice of Extraordinary General Meeting\n \n \n Ethernity (AIM: ENET\n ), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks, is pleased to announce the appointment of Joseph (\"Yosi\") Albagli as non-executive Chairman of the Board, with effect from today. \n Yosi Albagli has over 30 years of experience in engineering, business strategy and management, and entrepreneurship in the communications industry. After spending ten years as an engineer at Israel Aircraft Industries and Tadiran Telecom, he co-founded and served as President and CEO of Tdsoft Ltd in 1994, leading the company from its foundation toward becoming the leader in V5 solutions. In 2005, he led a reverse merger with VocalTec (NASDAQ: VOCL) becoming President, CEO and a board member, growing the company's market share, and establishing it as a leader in Voice-over-IP technology.\n Yosi also served as President and CEO of CTWARE Ltd., as a board member of ITGI Medical (TASE), and as President of the Satellite Communications division for Orbit Communication Systems (TLV: ORBI), where he changed the company's focus toward targeting high-end, complex solutions. Since he co-founded the company in 2013, Yosi has served as the Chairman of Over-Sat Ltd, which provides communications solutions for the maritime, airborne, and government markets. Yosi is a Cum Laude graduate of The Technion - Israel Institute of Technology with a BSc degree in Civil Engineering and a veteran of the Israeli navy, in which he taught electronics.\n \n David Levi, Chief Executive Officer, said: \"We are excited to welcome Yosi to the Company as the Chairman of The Board. Yosi brings not only proven executive leadership and skills but a vast wealth of industry knowledge that we are confident will play a significant role towards the Company achieving its goals.\"\n \n \n Yosi Albagli, Chairman of the Board, said: \"I am thrilled to be joining Ethernity and its outstanding team. I look forward to the challenges of the Board leader...