Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTCM.L Regulatory News (TCM)

  • There is currently no data for TCM

Board Appointment

23 Jun 2011 07:00

RNS Number : 9363I
Telit Communications PLC
23 June 2011
 



 

 

 

 

 

23 June 2011

 

Telit Communications PLC

("Telit" or the "Company")

 

Appointment of Finance Director

 

 

Telit Communications PLC (AIM: TCM), a global leader in machine-to-machine ("m2m") communications, is pleased to announce that Mr. Yosi Fait has been appointed to the board of directors as Finance Director with immediate effect. Mr Fait will have overall responsibility for Telit's Finance Strategy and Business Development functions. Yariv Dafna has stepped down from the board and will remain the group CFO, responsible for the day-to-day operations of Telit's Finance function, and will continue to serve as director of Telit's subsidiaries worldwide.

 

Mr. Fait is a Certified Public Accountant and has held a number of executive positions with private and public companies. Yosi's previous roles with listed companies have included CEO of both Alony Group and H&O. Yosi also served as CFO of Pelephone Communications Ltd, the first cellular operator in Israel. Yosi began his professional career as an accountant with Ernst & Young Israel.

 

Oozi Cats, chief executive and member of the board of directors of Telit said: "It is with great pleasure that I welcome Yosi to Telit's board of directors. I am confident that Yosi's vast experience as CFO of a mobile network operator and as CEO of publicly traded companies will further strengthen Telit's board and will focus our continuous efforts to increase shareholder value. It is also with great pleasure that I thank Mr. Dafna for his service as a director. I look forward to maintaining a close working relationship with Yariv in his role as CFO."

 

Yosi Fait's directorships in the last five years include Allo Telecom S.A., BKF Investments and International finance Ltd, BKF Commercial Centers Ltd, Chromat Ltd and Dai Telecom Ltd. (a subsidiary of the Company).

 

There are no further disclosures required to be made relating to Mr Fait under Schedule 2(g) of the AIM Rules for Companies.

 

For further information:

 

Telit Communications PLC

Tel: +39 06 4204601

Oozi Cats, CEO

Investec Bank

Tel: +44 20 7597 4000

Andrew Pinder / Patrick Robb / Dominic Emery

Financial Dynamics

Tel: +44 207 831 3113

James Macey White / Clare Thomas

 

 

Notes to editors

 

Telit is a global leader in the development and manufacture of wireless machine-to-machine ("m2m") communication modules for a variety of applications. Through its 20 sales offices and more than 50 distribution channels, Telit covers more than 60 countries supporting about 1,000 customers with products in manufacture and about 2,000 customers which are in product design discussions or process.

 

It is the third largest supplier of m2m modules in the world with a market share of approximately 16%. In March 2011, Telit completed the strategically important acquisition of Motorola m2m for a consideration of $22.5 million, which will further strengthen its strong competitive market position.

 

Telit is one of the few companies in the industry with full control over the underlying technologies in its products. It owns valuable patents and boasts strong in-house technology and research and development expertise.

 

Telit is listed on AIM (Ticker: TCM). www.telit.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
BOAGMGZVKZRGMZM
Date   Source Headline
1st Sep 202111:52 amBUSForm 8.3 - TELIT COMMUNICATIONS PLC
31st Aug 20212:12 pmRNSScheme of Arrangement becomes effective
31st Aug 202112:00 pmRNSForm 8.3 - Telit Communications plc
31st Aug 202111:45 amBUSForm 8.3 - TELIT COMMUNICATIONS PLC
31st Aug 20217:30 amRNSSuspension - Telit Communications PLC
27th Aug 202112:00 pmRNSForm 8.3 - Telit Communications plc
26th Aug 20211:27 pmRNSCourt sanction of Scheme of Arrangement
25th Aug 20215:30 pmRNSTelit Communications PLC
25th Aug 202111:09 amRNSForm 8.3 - Telit Communications plc
24th Aug 20217:00 amRNSExercise of share awards and admission of shares
20th Aug 20213:11 pmRNSForm 8.3 - TELIT Communications PLC
20th Aug 202112:08 pmRNSForm 8.3 - Telit Communications plc
20th Aug 20219:44 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
20th Aug 20217:00 amRNSForm 8.3 - Telit Communications
19th Aug 202110:12 amRNSUpdate on Conditions and Timetable
19th Aug 20218:58 amRNSForm 8.3 - Telit Communications Plc
19th Aug 20217:28 amRNSStatement re Regulatory Clearances Update
17th Aug 20218:16 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
16th Aug 20218:19 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
13th Aug 20219:18 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
12th Aug 20219:31 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
11th Aug 20219:28 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
9th Aug 20211:16 pmPRNForm 8.3 - Telit Communications Plc
6th Aug 20213:07 pmBUSForm 8.3 - TCM LN
4th Aug 202112:30 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
4th Aug 20219:05 amRNSForm 8.3 - Telit Communications PLC
2nd Aug 202112:45 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
2nd Aug 20217:00 amRNSBlock listing Interim Review
30th Jul 20219:08 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
29th Jul 202112:34 pmPRNReissue : Form 8.3 - Telit Communications Plc
29th Jul 202112:23 pmPRNForm 8.3 - Telit Communications Plc
29th Jul 20219:50 amRNSForm 8.3 - [TELIT COMMUNICATIONS PLC]
29th Jul 20217:40 amGNWForm 8.5 (EPT/RI) - Telit Communications plc
28th Jul 20213:51 pmRNSResults of Court Meeting and General Meeting
28th Jul 202112:35 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC - Replacement
28th Jul 202112:00 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
28th Jul 20218:37 amGNWForm 8.5 (EPT/RI) - Telit Communications Plc
27th Jul 202111:10 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
26th Jul 202111:35 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
26th Jul 20217:00 amRNSUPDATE REGULATORY CLEARANCES REGARDING THE OFFER
23rd Jul 20213:06 pmRNSNON BINDING LETTER OF INTENT COMPASS ASSET MGMT
23rd Jul 20212:49 pmRNSForm 8.3 - Telit Communications PLC
22nd Jul 202111:58 amRNSForm 8.3 - TELIT COMMUNICATIONS PLC
22nd Jul 202111:13 amRNSForm 8.3 - [Telit Communications PLC]
21st Jul 202111:45 amRNSForm 8.3 - Telit Communications PLC
20th Jul 20215:29 pmRNSResponse to increased and final recommended offer
20th Jul 20214:45 pmRNSRECOMMENDED INCREASED FINAL CASH OFFER
20th Jul 20213:07 pmRNSForm 8.3 - TELIT Communications PLC
20th Jul 20211:31 pmRNSForm 8.3 - TELIT COMMUNICATIONS PLC
20th Jul 202111:58 amRNSForm 8.3 - Telit Communications PLC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.