Business
SatixFy Names David Ripstein as CEO to Lead its Next Phase of Growth
- Co-Founder Yoav Leibovitch to remain as SatixFy’s Chairman and CFO - Business combination with Endurance Acquisition Corp. (NASDAQ: EDNC) on track to close
About this update from Radcom Ltd.
[{"type":"text","content":"\n- Co-Founder Yoav Leibovitch to remain as SatixFy’s Chairman and CFO\n\n- Business combination with Endurance Acquisition Corp. (NASDAQ: EDNC) on track to close in 2H 2022\n\n NEW YORK & REHOVOT, Israel--(BUSINESS WIRE)--\nSatixFy Communications Ltd. (“SatixFy”), a developer of state-of-the-art satellite communication equipment and systems, today announced that it has appointed David Ripstein, previously CEO of RADCOM (Nasdaq: RDCM) and GreenRoad Technologies, as its new CEO, effective June 27, 2022. Mr. Ripstein will succeed Yoav Leibovitch, SatixFy’s Co-Founder, Chairman, Interim CEO and CFO, who will remain the company’s Chairman and CFO.\n\nMr. Ripstein is a communications industry leader with a track record of success in executing bold scale-up and turnaround strategies. He has over 21 years of experience turning exciting new technologies into saleable products, and then scaling up manufacturing of those new products to meet customer demand. As CEO of GreenRoad Technologies (2017-2022), Mr. Ripstein led a successful turnaround by directing the development of industry-first digital telematics products and a global sales approach. In parallel (2021-2022), he serves on the Board of Directors of Ceragon Networks, a pioneer in wireless broadband. Prior to GreenRoad, Mr. Ripstein was President and CEO of RADCOM (2007-2016), a publicly traded provider of network intelligence solutions for telecom operators transitioning to 5G, where he spearheaded the company’s product redirection and global sales strategies. He holds a Bachelor of Science in Electrical Engineering from the Technion Haifa Institute of Technology.\n\nMr. Ripstein will complement SatixFy’s already strong existing executive team, which includes Mr. Leibovitch, President Simona Gat, and Chief Technology Officer Doron Rainish.\n\n“We are excited to welcome David, a proven leader with a deep understanding of the communications vertical and years of experience running a publicly-traded company, to lead SatixFy forward into its next phase of growth,” said Mr. Leibovitch. “Building from SatixFy’s existing strong base, David will help us realize the full potential of our technology, leveraging our momentum in the fast-growing Satcom space to build the value of our company for our shareholders.”\n\n“I am excited by the growth potential represented by SatixFy’s step-ahead s...