• Thu. May 26th, 2022

Gilat Names Gil Benyamini as Chief Economic Officer Replacing Bosmat Halpern Who is Stepping Down

PETAH TIKVA, Israel, Dec. 30, 2021 (Globe NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a globally chief in satellite networking technological innovation, answers and expert services, declared currently that the board of administrators accredited the appointment of Gil Benyamini as Gilat’s CFO successful February 1st, 2022. Bosmat Halpern will guide the Corporation in the changeover as she ways down from her job as Gilat’s CFO.

Gil Benyamini joins Gilat with a prosperity of knowledge most lately from Panaxia Pharmaceutical Industries (TASE:PNAX), in which he served for the earlier four several years as CFO. In this posture he was component of the main administration group effectively foremost the corporation RTO into TASE and its equity and debt funding. Earlier Mr. Benyamini held the CFO position at Walla Communications from 2009 right up until 2016 and at Exent Systems from 2006 until 2009. Mr. Benyamini is a Licensed Community Accountant and holds an MBA (main in finance) cum laude from Tel-Aviv University.

“I want to welcome Gil Benyamini to Gilat’s administration team. I strongly imagine that Gil Benyamini is the ideal person for the CFO position, as we experience key alternatives and anticipate to just take Gilat to the up coming amount, anticipating considerable progress,” stated Adi Sfadia, Gilat’s CEO. “In addition, I want to choose this chance to thank Bosmat Halpern for her priceless contribution more than the past eight decades as Gilat’s AVP Finance and as Gilat’s CFO. Mrs. Halpern has been my suitable hand for the duration of Gilat’s amazing journey, and I wish her greatest of luck as she moves on.”

“I am energized to join Gilat as CFO all through this dynamic time in the satellite communications marketplace,” said Gil Benyamini. “I am self-assured in my skill to contribute to Gilat’s long run development and seem forward to functioning carefully with Gilat’s CEO, administration team and finance division.”

About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading international supplier of satellite-based broadband communications. With 30 a long time of knowledge, we style and design and manufacture slicing-edge ground segment products, and offer detailed alternatives and end-to-stop products and services, run by our innovative technological know-how. Providing significant price competitive options, our portfolio includes of a cloud based mostly VSAT community platform, higher-pace modems, higher efficiency on-the-transfer antennas and higher efficiency, high electricity Good Point out Amplifiers (SSPA) and Block Upconverters (BUC).

Gilat’s extensive methods guidance numerous applications with a whole portfolio of merchandise to handle important programs which includes broadband accessibility, cellular backhaul, organization, in-flight connectivity, maritime, trains, protection and general public safety, all when assembly the most stringent service stage needs. Gilat controlling shareholders are the FIMI Personal Fairness Resources. For far more facts, please stop by: www.gilat.com

Selected statements built herein that are not historical are ahead-seeking within just the that means of the Personal Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and equivalent expressions are supposed to discover forward-seeking statements. These ahead-hunting statements entail regarded and unknown pitfalls and uncertainties. Many variables could cause the real outcomes, performance or achievements of Gilat to be materially unique from any long term results, effectiveness or achievements that may perhaps be expressed or implied by such forward-seeking statements, like, among the other folks, challenges associated with the outbreak and world-wide unfold of the coronavirus (COVID-19) pandemic changes in common economic and company situations, incapacity to retain marketplace acceptance to Gilat’s products, inability to well timed create and introduce new systems, solutions and programs, quick variations in the market for Gilat’s products and solutions, loss of market place share and strain on selling prices ensuing from level of competition, introduction of competing items by other businesses, inability to take care of expansion and expansion, loss of key OEM associates, inability to attract and retain skilled personnel, incapacity to guard the Company’s proprietary technological know-how and pitfalls linked with Gilat’s international functions and its spot in Israel. For supplemental facts concerning these and other risks and uncertainties affiliated with Gilat’s enterprise, reference is designed to Gilat’s reports filed from time to time with the Securities and Trade Fee. We undertake no obligation to update or revise any ahead-seeking statements for any motive.

Speak to:

Gilat Satellite Networks
Doreet Oren, Senior Director Corporate Communications
[email protected]

GK Trader and Public Relations
Ehud Helft, Taking care of Companion
[email protected]
11 9 6079-3821