Amiad Water Systems Ltd Directorate Change (5301J)

TIDMAFS

RNS Number : 5301J

Amiad Water Systems Ltd

03 April 2018

3 April 2018

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Directorate Change

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that Mr Eli Opper, the Company's Non-Executive Chairman, has informed the Board of Directors of his intention to step down from his position as Chairman and as a Director of Amiad, after completing four years of service, along with the appointment of a new chairman at the annual general meeting of the Company, anticipated for August 2018. Eli Opper will continue to act as Chairman until a new chairman takes office. The Company will commence a search for his replacement and will issue a further announcement in due course.

Eli Opper, Chairman of Amiad, said: "It has been my privilege to serve as the Chairman of Amiad over the last four years. With the implementation of the new strategy and strengthening of the business' foundations, I firmly believe that the Company is poised for growth and enhancing its position as a global leader in the filtration and water treatment industry. I would like to thank my fellow Board members and the Amiad employees for their support and cooperation, and wish them and all the stakeholders continued success."

Dori Ivzori, CEO of Amiad, added: "On behalf of the Board and the whole of Amiad, we would like to thank Eli for his contribution as Chairman and everything that he has done for the Company. I am also personally grateful to him for his support since I joined Amiad and his guidance over the transitionary period. We wish him all the best for the future."

Enquiries

 
 Amiad Water Systems Ltd. 
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 Dori Ivzori, Chief Executive 
  Officer 
  Irit Ben-Dov, Chief Financial 
  Officer                          [phone] 
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 Stifel Nicolaus Europe Ltd. 
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 Stewart Wallace, Ben Maddison     [phone] 
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 Luther Pendragon Ltd. 
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 Harry Chathli, Claire Norbury     [phone] 
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About Amiad

Amiad Water Systems (AIM: AFS) is a leading global producer of automatic, self-cleaning water treatment and filtration products and systems. Through its engineering skills and ability to innovate, Amiad provides cost-effective "green" solutions for the industrial, municipal, irrigation, oil & gas and ballast water markets. In these segments its patented products are being integrated into the core of systems for filtration and water treatment, micro irrigation and membrane protection, wastewater and potable water treatment, cooling systems and sea water filtration.

Headquartered in Israel, Amiad provides these solutions through nine subsidiaries and a comprehensive network of over 170 distributors to customers in more than 80 countries.

For additional information or product details, please visit www.amiad.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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April 03, 2018 02:01 ET (06:01 GMT)