This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Avi Naor Appointed As Chairman Of Retalix

RA'ANANA, Israel, Sept. 6, 2010 (GLOBE NEWSWIRE) -- Retalix® Ltd. (Nasdaq:RTLX) announced today the appointment of Avi Naor, a member of Retalix's board of directors, to chairman of the board.  The appointment follows Eli Gelman's request to step down from the chairman of the board position to carry out his responsibilities as the new CEO and president of Amdocs.  Gelman will continue to serve as a member of the board of directors of Retalix.  Naor and Gelman are members of the Alpha Group and joined Retalix's board of directors in 2009, when the Alpha Group acquired a 20% share in the company and entered into a shareholder agreement with the FIMI Fund.  Naor's appointment will take effect in the first quarter of 2011.

Avi Naor commented, "I am excited by the opportunity to serve as the chairman of the board of directors, which will continue to guide Retalix in the direction outlined by the Alpha Group.  Since the Alpha Group joined the Company, we have been implementing our strategy in an orderly and steady manner and are satisfied with the pace and depth of the development.  On behalf of Retalix's board, I would like to thank Eli Gelman for his meaningful leadership and contribution until now.  Eli will continue to serve on the board and provide his knowledge, experience and professionalism for the benefit of Retalix.  We wish him great success in his new responsibility as CEO and president of Amdocs."

Avi Naor, 62, has fulfilled a series of executive positions at the software giant Amdocs he co-founded, including CEO and president of Amdocs for 7 years until 2002.  Mr. Naor took Amdocs through its first IPO in 1998 and subsequent offerings and is credited for Amdocs' growing its revenues tenfold while entering new markets and business lines.  In 2002, Mr. Naor retired from his business career to devote himself to social and philanthropic activity.  In 1997, he founded the Or Yarok Association, which leads the public agenda in Israel in all that concerns road safety.  In addition to serving as the chairman of Or Yarok, Naor established the Ran Naor Foundation, which promotes road safety research.

In 2002, the Naor Family established the Oran Foundation for children and youth at risk, and Mr. Naor is the active chairman of several youth villages, which were founded in order to provide solutions for the special needs of this population.  Since 2004, Mr. Naor has served as a member of the board of governors of the Jewish Agency for Israel. Mr. Naor was among the founders of "Hakol Chinuch", an organization for promoting education in Israel, and is a member of its board, as well as that of other social organizations.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs