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Highlights:
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Ayala Deutsch has stepped down as Chief Financial Officer (CFO) of Ethernity Networks Ltd, effective immediately.
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Tomer Assis has been appointed as interim CFO while the search for a permanent executive is underway.
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CEO David Levi expressed gratitude for Deutsch’s contributions and welcomed Assis to the team.
Ethernity Networks Ltd {LSE:ENET} has announced a significant change in its executive management team, with the immediate departure of Chief Financial Officer (CFO) Ayala Deutsch. Deutsch, who also served as a board member, has concluded her tenure at the company.
Tomer Assis has been appointed as the new CFO and will initially serve in a non-board capacity while the company undertakes an executive search for a permanent replacement. Assis brings a wealth of experience in finance, having worked with both start-ups and public companies, which positions him well for this role during a transitional period for Ethernity.
David Levi, the Chief Executive Officer of Ethernity Networks, expressed heartfelt gratitude towards Deutsch for her dedication and invaluable contributions over the past five years. Levi highlighted Deutsch’s leadership, particularly during a challenging phase for the company when she took on the CFO role. He conveyed best wishes for her future endeavors, acknowledging the impact she made during her time with Ethernity.
Levi also extended a warm welcome to Assis, noting that his arrival comes at a pivotal moment for the company. The change in leadership is expected to facilitate Ethernity's ongoing strategic initiatives and support its growth objectives.
As Ethernity Networks navigates this transition, the company remains focused on leveraging its strengths in the networking industry and driving forward its innovative technologies. The management change reflects the dynamic nature of the business environment and the commitment to ensuring the company is well-positioned for future opportunities.
