Ami Erel, Chairman and CEO of Elron to be Appointed President and CEO of Discount Investment Corporation.Business Editors TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom AVIV--(BUSINESS WIRE)--May 7, 2001 Elron Electronic Industries Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ELRN) a leading multinational high technology holding company, announced today that Mr. Ami Ami (ā`mī), in the Bible, servant of Solomon whose descendants came out of exile. An alternative spelling is Amon. (Alternate Mark I Erel, Chief Executive Officer and Chairman of the board of Elron, has been appointed as President and Chief Executive Officer of Discount Investment Corporation Ltd., the controlling shareholder of Elron. The new appointment will take effect on June 1, 2001. Mr. Erel will continue to serve in his existing capacities at Elron. Elron Electronic Industries Ltd. is a multinational high technology holding company based in Israel. Through affiliates, Elron is engaged with a group of high technology operating companies operating company A business that engages in transactions with outsiders. in the fields of advanced defense electronics, communication, software, information technology and semiconductors. For further information, visit http://www.elron.com Any statements in this press release that may be considered forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements due to the risk factors discussed in periodic reports filed by the Company with the Securities and Exchange Commission which the Company urges investors to consider. |
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