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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

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

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG
AAPL $127.91 -0.49%
FB $81.59 0.86%
GOOG $577.06 0.64%
TSLA $205.12 1.30%
YHOO $43.96 -0.08%

Markets

DOW 18,139.44 +42.54 0.24%
S&P 500 2,101.98 +3.45 0.16%
NASDAQ 4,984.9560 +17.8150 0.36%

Partners Compare Online Brokers

Free Reports

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