3 Mar 2021 07:00
3 March 2021
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Directorate Change
Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that Mr Derek Zissman, a statutory external director of the Company, has retired from the Board of Directors with immediate effect. This follows Mr Zissman's completion of his second three-year term as an external director.
Public companies incorporated under the Israeli Companies Law are required to appoint at least two statutory external directors, each serving a minimum of one three-year term. Following Mr Zissman's retirement, Mr Arie Schor has become the Company's sole statutory external director. Accordingly, the Company is required to appoint at least one additional statutory external director as soon as possible. The Company has commenced a search and will update the market in due course. In addition, following Mr Zissman's retirement, Mr Schor has assumed the role of chairman of the Audit Committee.
Yariv Avisar, Chairman of Amiad, said: "We would like to thank Derek for his tremendous contribution to Amiad over the last six years - in particular, as chairman of the Audit Committee and his role in the investment by FIMI. He has also provided excellent insight into the UK market and has been a great support to me as Chairman. We wish him all the best in his future endeavours."
Enquiries
Amiad Water Systems Ltd. |
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Dori Ivzori, Chief Executive Officer Relly Shimko, Chief Financial Officer | +972 4 690 9500 |
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Stifel Nicolaus Europe Ltd. |
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Fred Walsh, Stewart Wallace | +44 20 7710 7600 |
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Luther Pendragon |
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Harry Chathli, Claire Norbury | +44 20 7618 9100 |
About Amiad
Amiad Water Systems (AIM: AFS) is a leading global producer of automatic, self-cleaning water treatment and filtration products and systems. Through its engineering skills and ability to innovate, Amiad provides cost-effective "green" solutions for irrigation and industrial purposes. In these markets, its unique and high-quality products are being integrated into the core of systems for filtration and water treatment, micro irrigation and membrane protection, wastewater and potable water treatment, cooling systems and sea water filtration. Headquartered in Israel, Amiad provides these solutions through ten subsidiaries and a comprehensive network of distributors to customers in more than 80 countries.
FIMI Opportunity Funds, the leading private equity investor in Israel, is a controlling shareholder of Amiad, with an interest in 39.5% of the Company's outstanding issued share capital.
For additional information or product details, please visit www.amiad.com.