Appointment of Guy Bernstein as Chief Financial Officer.Business Editors/High-Tech Writers RA'ANANA, Israel--(BUSINESS WIRE)--Feb. 19, 2004 Further to our announcement of February 17, the Board of Emblaze Ltd (the "Group") (LSE LSE - Language Sensitive Editor :BLZ BLZ Bankleitzahl (German bank code) BLZ Belize (ISO Country code) BLZ Bladzijde (Dutch: page) BLZ Bayerische Landeszentrale für Politische Bildungsarbeit ) announces that Guy Bernstein is to succeed Tamar Rapaport-Dagim as Chief Financial Officer within the next few weeks. After four intense years in the role of Group CFO See Chief Financial Officer. , Tamar decided to retire from her current position. She will remain with the Company as a non-executive Director of Emblaze Ltd. Guy Bernstein, aged 36, was the Chief Financial and Operations Officer of Magic Software Enterprises (Nasdaq:MGIC MGIC Mortgage Guaranty Insurance Company MGIC Montana Geographic Information Council ), a position he has held since 1999. Magic is a subsidiary of Formula Systems Ltd (Nasdaq:FORTY) and a global player in the software market, with representation in more than 50 countries, and thousands of customers of ISVs, system integrators, and corporations worldwide. At Magic, Mr. Bernstein's responsibilities included the overseeing of all finance operations, legal and M&A worldwide including, budget planning, sales forecasting, board and SEC reporting and investors relationship. Guy played a key role in the corporate second offering raising $100 million in 2000. He also acted as the Interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. for Magic's subsidiaries: MSE MSE Mouse (computer) MSE Materials Science & Engineering MSE Mean Squared Error MSE Mean Square Error MSE Master of Science in Engineering MSE Manufacturing Systems Engineering MSE Mechanically Stabilized Earth Israel Ltd. and Coretech Consulting Group, turning them around to profitability. Guy joined Magic from Kost Forer & Gabbay, a member of Ernst & Young International, where he acted as senior manager from 1994 to 1997. Commenting today, Naftali Shani, Chairman of Emblaze Ltd, said: "Mr. Bernstein's in-depth knowledge of our sector, combined with his excellent experience in managing budgets, means he will be a tremendous asset to the Group. We are very happy with his nomination as successor to Tamar." |
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