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RRsat Announces Appointment Of Avi Cohen As Chief Executive Officer

Stocks in this article: RRST

AIRPORT CITY BUSINESS PARK, Israel, June 27, 2012 /PRNewswire/ --

RRsat Global Communications Network Ltd. (NASDAQ: RRST), is pleased to announce the appointment of Mr. Avi Cohen as the Company's Chief Executive Officer effective July 1, 2012. Mr. Cohen will be replacing David Rivel, founder and CEO of the Company, who last year announced his intent to retire by the end of June 2012.

Mr. Cohen has 30 years of business leadership experience in various positions at a number of high technology and telecommunication firms. Most recently, from December 2008, he served as President and Chief Executive Officer of Orbit Technologies, a leading manufacturer and provider of Satellite Communication equipment, listed on the Tel Aviv Stock Exchange.  Mr. Cohen also serves as a Director of Nova Measuring Instruments, a NASDAQ listed company.  

Prior to joining Orbit, from September 2006, Mr. Cohen served as Chief Operating Officer and Deputy to the CEO at ECI Telecom. Prior to ECI, Mr. Cohen served in a variety of management positions at KLA-Tencor. From 2003, he was a Group Vice President, Corporate Officer and Member of the Executive Management Committee based at KLA-Tencor's corporate headquarters in the U.S.  During his tenure, he successfully led the creation of KLA-Tencor's global Metrology Group.  From 1995, he was the President of KLA-Tencor Israel, responsible for the Optical Metrology Division.  Before joining KLA-Tencor, Mr. Cohen spent three years as Managing Director of Octel Communications, Israel (later sold to Avaya), after serving as Chief Executive Officer of Allegro Intelligent Systems, which he founded in 1985 and was acquired by Octel.  

Mr. Cohen holds B.Sc. and M.Sc. degrees in electrical engineering and applied physics from Case Western Reserve University, USA.

"We are extremely pleased to have Avi Cohen join us and lead the RRsat team," commented Dr. Shlomo Shamir, Chairman of the Board at RRsat. "Based on Avi's long track record of notable and repeated successes both in Israel and internationally, we recognized his ability to add significant value to RRsat and its shareholders, and we believe he can take our Company to the next level in its growth path, further strengthening our position as a global leader in our industry. We are delighted to have been able to recruit someone of Avi's caliber and we wish him much success in this new position."

"I would also like to convey our thanks and appreciation to David Rivel for doing a tremendous job over many years, in building and leading the Company to its current position as one of the global leaders in this field. We are very fortunate to have David continue to serve as a Director on the Board of Directors, supporting our continued growth through his consulting role."

"I am very excited about RRsat's potential ahead," said Avi Cohen, RRsat's newly appointed Chief Executive Officer. "It's a great pleasure to join a company with a talented and dynamic team in place, and I very much look forward to working with this team to meet the challenges ahead."

About RRsat Global Communications Network Ltd.

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