Ethernity Networks has disclosed a modification to its management team

2 min read | October 09, 2024 04:54 AM PDT | By Team Kalkine Media

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Ethernity Networks has disclosed a modification to its management team — Image source: Shutterstock

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Highlights:

Ethernity Networks Ltd has announced the immediate departure of Chief Financial Officer (CFO) Ayala Deutsch from her position on the executive team.
Tomer Assis has been appointed as the new CFO, transitioning into the role while a search for a permanent replacement is conducted.
CEO David Levi expressed gratitude for Deutsch’s contributions over her five years with the company and welcomed Assis as the company moves into a pivotal phase.

Ethernity Networks Ltd {OTC:ENETF} has recently confirmed a significant change within its executive team. Ayala Deutsch, who has served as Chief Financial Officer (CFO) and board member, has stepped down from her position with immediate effect. In the interim, Tomer Assis will take on the responsibilities of CFO while the company initiates a search for a permanent replacement.

Tomer Assis brings a wealth of experience in finance, having worked with both start-ups and established public companies. His appointment is viewed as a strategic move as Ethernity navigates this transitional period. Initially, Assis will serve in a non-board capacity, allowing for a smooth handover of duties.

In a statement regarding the transition, Chief Executive Officer David Levi expressed heartfelt thanks to Ayala Deutsch for her dedication and valuable contributions during her tenure with the company. Levi highlighted Deutsch’s willingness to assume the CFO role during a particularly challenging time for Ethernity over the past year, wishing her success in her future endeavors.

The leadership change comes at a crucial juncture for Ethernity Networks, a company known for its innovative solutions in the networking industry. With Assis at the helm of financial operations, the company aims to strengthen its position and drive further growth in the evolving technology landscape. The ongoing executive search is anticipated to identify a candidate who can align with the company’s long-term strategic goals. Ethernity Networks remains committed to its vision and looks forward to the future with optimism and renewed leadership.

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