23 Apr 2014 07:00
23 April 2014
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 Tal Yeshua, its Chairman since May 2008 and a Board member since February 2008, has informed the Board of Directors that he will be stepping down, in due course, from his position as the Chairman and a Director of the Company in order to concentrate on his other interests. The effective date of his departure will be upon the appointment and approval of his successor at a general meeting of the shareholders of the Company. The Company will commence a search for his replacement and will issue a further announcement in due course.
Tal Yeshua, Chairman, said: "It has been a privilege for me to work alongside Arik Dayan and implement unprecedented change in the Company that has seen it transformed into a major global player. I look forward to watching the continued progress of the Company."
Arik Dayan, Chief Executive, added: "Tal has provided outstanding service to the Company in his role as Chairman and we are very grateful to him for everything he has done for Amiad. His enormous legacy will remain as we pursue our strategy of being at the core of any water system worldwide."
Enquiries
Amiad Water Systems Ltd. | |
Arik Dayan, Chief Executive Officer Amir Harel, Chief Financial Officer | +972 4 690 9500 |
Oriel Securities Ltd | |
Juliet Thompson, Giles Balleny | +44 20 7710 7600 |
Luther Pendragon | |
Harry Chathli, Claire Norbury, Oli Hibberd | +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 the industrial, municipal, irrigation, oil & gas and ballast water markets. In these segments its patented 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 over 170 distributors to customers in more than 80 countries.
For additional information or product details, please visit www.amiad.com.