This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BluePhoenix Names Nir Peles As Chief Financial Officer

BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, today announced that Varda Sagiv, its Chief Financial Officer for the past three years, has decided to resign from her position to explore other business opportunities.

Mr. Nir Peles, who has successfully served as a Business Development Manager at Shiraz Investments and as a financial consultant at BDO Consulting Group prior to that, will assume the CFO position at BluePhoenix. Mr. Peles holds a BA in economics and accounting from the Hebrew University, an MBA from Tel Aviv University and MA in Law from Bar Ilan University. Mr. Peles is a certified public accountant in Israel. His proven professional and personal skills are highly regarded, and, with the full support of the board of directors, management and the finance department, a smooth transition is anticipated.

Mr. Robert I. Levy was nominated by the Board of Directors to serve as a Director. He will join as a director if approved by the Company’s shareholders at the shareholders meeting which is expected to be held by July 2010. Mr. Levy is an Executive Vice President and Chief Product Officer at Progress Software. Previously, Mr. Levy was Executive Vice President and Chief Technology Officer at BEA Systems and Senior Vice President and Chief Technology Strategist at Computer Associates.

"I would like to thank Varda for her contribution to BluePhoenix," said Arik Kilman, Chief Executive Officer, BluePhoenix Solutions. "Varda played a key role in defining our corporate strategy and financial goals, and we are extremely grateful to have had her leadership. Varda successfully managed our financial team through a challenging economic period."

"I am pleased to welcome Nir to his new role," added Mr. Kilman. “Nir will play an important role in implementing our short-term and longer-term strategic and financial goals. I am confident that Nir will be a significant and valuable addition to our team.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BPHX $2.67 -1.48%
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs