– ISRAEL, Petah-Tikva – Gilat Satellite Networks Ltd. (TASE: GILT | NASDAQ: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced the appointment of Adi Sfadia as CEO.
“I am pleased to report that Adi Sfadia, who assumed the interim CEO position on July 2nd, 2020, has now been appointed as Gilat’s CEO. Adi brings with him a deep understanding and a wealth of experience in the satellite industry, which I believe will bring value to the customers, shareholders and Gilat’s employees. On behalf of the entire Board of Directors, we would like to wish Gilat success under Adi’s capable leadership.” said Board Chairman, Dov Baharav.
Adi Sfadia served as Gilat’s interim CEO since July 2nd this year and before that held the position of Gilat’s CFO, for the past 5 years.
“I am honored to have been appointed as Gilat’s CEO and would like to thank Gilat’s Chairman of the Board and all of the board members for their trust and support,” said CEO, Adi Sfadia. “I am fully committed to Gilat and am confident that with my dedicated management team and talented employees, we will navigate Gilat to accelerated growth and profitability.”
About Gilat
Gilat Satellite Networks Ltd. is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high-value competitive solutions, our portfolio comprises of a cloud-based VSAT network platform, high-speed modems, high-performance on-the-move antennas, and high efficiency, high power Solid-State Amplifiers, and Block Upconverters.
Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds.
For more information: https://www.gilat.com/
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