BATM announces group CFO Moti Nagar as next CEO

– ISRAEL, Hod Hasharon –  BATM Advanced Communications Limited (TASE: BVC | LON: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, today announced the promotion of current group CFO, Moti Nagar as its CEO effective from 1 January 2023, to replace Zvi Marom who will step down on 1 January 2023, but will remain on the Board as Non-Executive Director.

“I am delighted that Moti has agreed to become our CEO. Moti brings his sound financial knowledge to this position and, coupled with his capital markets and M&A expertise, I am sure he will help shape the future of BATM as a global company. Most importantly, having helped in running the day-to-day operations over the past three years, he not only provides continuity but has impressed the Board with exciting ideas on how to take the Group to the next level. We look forward to working with him in this new role and leveraging his extensive experience.” said Board Chairman, Dr. Gideon Chitayat.

About Moti Nagar

Mr. Nagar has been the Group CFO since 1 January 2015 having joined BATM in June 2014 as VP of Finance. Over the past three years, in addition to being the CFO, Mr. Nagar has been the de facto group COO, supporting Dr. Marom in the running of day-to-day operations. Prior to BATM, Mr. Nagar held several senior positions at Deloitte from 2005, including as a Senior Manager from 2011-2014. During that time, Mr. Nagar had various responsibilities, including handling the accounts of leading corporate clients in Israel and overseas, with companies traded on the LSE, NASDAQ and TASE, as well as private businesses operating in a range of sectors.

Moti Nagar said: “I am delighted to take on the role of Chief Executive Officer of BATM. Under the leadership of Zvi, the remarkable progress over the past few years has created a strong platform for future growth. I look forward to working closely with the Board, the BATM team and our key partners as we continue to drive forward a multi-pronged growth strategy and realise further value for shareholders.”

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