Ault Incorporated Announces New Board Member; Lyron Bentovim Joins Board of Directors.MINNEAPOLIS -- Ault Incorporated (Nasdaq:AULTE) announced today that Lyron Bentovim is joining the Company's Board of Directors, effective immediately. Mr. Bentovim is managing director of Skiritai Capital, a San Francisco-based investment adviser and the Company's largest shareholder. "We look forward to having someone of Lyron's experience and background on the Board," commented Fred Green
Fred Warren Green (October 19 1871 - November 30 1936 was mayor of Ionia, Michigan before he served as a Republican Governor of Michigan from 1927 to 1931. , Ault's president and chief executive officer. "I'm sure that Ault will benefit from his knowledge and depth of expertise." Prior to forming Skiritai Capital, Mr. Bentovim served as president of WebBrix Inc., a business providing physical space and services to on-line retailers. Prior to WebBrix, Mr. Bentovim worked for various consulting firms including USWebricks, the Mitchell Madison Group The Mitchell Madison Group is a global management consulting firm that combines broad strategic capabilities with deep functional skills to deliver value to their clients. It is a business consulting firm specializing in cost cutting and savings. and McKinsey & Company. Mr. Bentovim has also worked as a foreign exchange trader and served as a tank commander in the Israeli Defense Forces Noun 1. Israeli Defense Force - the ground and air and naval forces of Israel IDF military force, military group, military unit, force - a unit that is part of some military service; "he sent Caesar a force of six thousand men" . He has an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Yale and a law degree from Hebrew University Hebrew University of Jerusalem, at Mt. Scopus, Givat Ram, Ein Karem, and Rehovot, Israel; coeducational. First proposed in 1882, formally opened 1925. It is the world's largest Jewish university and is noted for its work on the Dead Sea Scrolls. in Jerusalem. Ault is a leading manufacturer of power conversion products headquartered in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Company is a major supplier to original equipment manufacturers of wireless and wire line communications infrastructure, computer peripherals and handheld devices, medical equipment, industrial equipment and printing/scanning equipment. Statements regarding Ault's anticipated future performance are forward-looking and therefore involve risks and uncertainties that could cause results or developments to differ significantly from those indicated in the forward-looking statements. These include, but are not limited to: market conditions in the global electronics industry, buying patterns of major customers, competitive products and technologies, the ability to control expense growth, and other factors set forth in the Company's filings with the Securities and Exchange Commission. |
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