Amiad Water Systems Ltd Management Change (1207H)

TIDMAFS

RNS Number : 1207H

Amiad Water Systems Ltd

13 November 2018

13 November 2018

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Management Change

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that Ms Irit Ben-Dov, Chief Financial Officer and V.P. Finance of the Company, has been appointed to the position of EMEA Region Manager of Amiad, and is expected to step down as CFO to assume the new role in early 2019. She will be one of three region managers, with the other areas being the Americas and APAC.

Each region manager is responsible for strategy execution and driving growth as well as operational efficiency in their respective geography, including overseeing the Company's global subsidiaries in their region. This organisational structure, with three region managers each reporting to the Chief Executive Officer, has been established to support the Company's strategy execution and to strengthen Amiad's global foundations by providing further regional focus as the Company expands.

Ms Ben-Dov will continue to act as CFO until a replacement takes office and an orderly handover has occurred. Amiad has commenced a search for her replacement as CFO and will issue a further announcement in due course.

Dori Ivzori, Chief Executive Officer of Amiad, said: "We are delighted that Irit will be taking on the role of EMEA Region Manager. Over the past four years, she has been much more than just a CFO. She has contributed tremendously to the strengthening of Amiad's foundations across our global operations and is bringing with her vast knowledge of Amiad's activities and business. We look forward to Irit applying these skills and her experience to her new role as we continue to drive profitable growth."

Enquiries

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

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November 13, 2018 02:01 ET (07:01 GMT)