Tecnomatix Technologies appoints Harel Beit-On as president & chief executive officer, appoints new vice president of marketing; and elects two board members.HERZLIYA Herzliya or Herzlia (hĕrtslē`ə), town (1994 pop. 83,800), central Israel, near the Mediterranean Sea. It is a resort with fine beaches, as well as an important electronics center. , Israel--(BUSINESS WIRE)--January 31, 1996--Tecnomatix Technologies Ltd. (NASDAQ-NM Symbol: TCNOF) announced today a series of management appointments and board additions to prepare it for the challenges ahead. Mr. Harel Beit-On will assume the position of Chief Executive Officer, in addition to his position as President. Mr. Shlomo Shlomo, meaning peace, is a common Hebrew male given name. The following individuals are often referred to only by the name Shlomo:
Mr. Harel Beit-On joined Tecnomatix Founded in 1983, the Tecnomatix Corporation provided Manufacturing Process Management (MPM) solutions for the automotive, electronics, aerospace and other manufacturing and processing industries. in 1985 and has served in various sales, marketing and executive positions. In 1994, he was appointed General Manager and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and in 1995, he was appointed President of Tecnomatix. Mr. Dovrat, commented, "I have worked closely with Mr. Beit-On for the past eleven years and he has played a major role in the growth and success of the Company. He has a deep understanding of our business and markets and I have every confidence in his ability to lead the Company. I am personally committed to continue spending significant time with the Company and to assist Harel primarily in strategic issues." In addition, Mr. Koby Shtaierman was appointed Vice President of Marketing. Mr. Shtaierman was formerly the Marketing Director of the Input System division at Scitex Corporation, a division that achieved impressive growth over the past three years. He brings to the Company extensive experience in international marketing and sales support. Furthermore, Tecnomatix announced the strengthening of its Board of Directors by the appointment of Mr. Arie Rosenfeld and Mr. Gerald B. Cramer to the Board. Mr. Rosenfeld is a 27 year veteran of Scitex Corporation and has until recently served as its President and Chief Executive Officer. Mr. Rosenfeld continues to be a Board member of Scitex. Mr. Cramer is founder and Chairman of Cramer Rosenthal McGlynn, an investment management firm based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . He is also Chairman of the Board of Glenayre Technologies, Inc., a leading worldwide provider of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment. In addition, Mr. Cramer serves on the Board of Edison Control Corporation and OSHAP Technologies Ltd. Commenting on the Board appointments, Shlomo Dovrat stated, "These new appointments bring valuable experience and leadership to Tecnomatix. I am extremely delighted to welcome both Mr. Rosenfeld and Mr. Cramer to the Board of Tecnomatix. As 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. of Scitex Corporation, Mr. Rosenfeld led Scitex from $150 million to over $700 million in revenues, establishing the company as an industry leader. Mr. Cramer has a long and proven track record of financial asset management and advising leading-edge growth companies." Mr. Dovrat added, "As a promising new year begins, these appointments will help the Company continue its growth. I am excited about working with these talented businessmen and look forward to the contributions they will make to the Company." TECNOMATIX TECHNOLOGIES LTD. is the world leader in the emerging Computer-Aided Production Engineering __FORCETOC__ Computer-aided production engineering (CAPE) is a relatively new and significant branch of engineering. Global manufacturing has changed the environment in which goods are produced. (CAPE) software market. The Company develops, markets and supports the CAPE tools for the design, simulation, optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. and off-line programming of automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. manufacturing systems. Its three main product lines are: ROBCAD for manufacturing processes, VALISYS for quality engineering and EXALINE for printed circuit board assembly. The Company's customers include major worldwide manufacturers in the automotive, aerospace, heavy machinery, electronics and other industries. CONTACT: Bharti Malkani (ext. 106) Jean O'Dea (ext. 129) Lippert/Heilshorn & Associates 212-838-3777 or Company Contact: Naftali Idan Chief Financial Officer 011-972-9-594-730 |
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