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TheStreet Open House

Mr. Barry Stiefel Is Appointed Chairman Of Magal

Stocks in this article: MAGS

YAHUD, Israel, February 4, 2013 /PRNewswire/ --

Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that the Board of Directors has elected Mr. Barry Stiefel Chairman of the Board, effective February 15, 2013.  Mr. Stiefel will succeed Mr. Jacob Perry, following his election to the Israeli Parliament.

Mr. Barry Stiefel has been a member of Magal's Board since November 2008. He currently serves as Head of the Kirsh Family Office in London and has many years of experience in various trade and financial firms as a CEO, financial director and consultant.

Jacob Perry, Chairman of the Board of Magal S 3 , commented: "Mr. Stiefel has been closely involved with Magal over many years and is very familiar with its business, its strategy and direction. The tightening of Magal's relationship with its main shareholder, the Kirsh Group, is a sign of their confidence in the company growth plans. I leave Magal at a time when its future is bright and under strong leadership with a highly effective management team."

Mr. Stiefel, on behalf of the  Board of Directors thanks Mr. Jacob Perry for his ten years of service and contribution and wishes him every success as a member of the Israeli Parliament.

About Magal S 3

Magal S 3   is a leading international provider of solutions and products for physical and cyber security, safety and site management. Over the past 42 years, Magal S 3   has delivered tailor-made solutions and turnkey projects to hundreds of satisfied customers in over 80 countries in some of the world's most demanding locations.

Magal S 3   offers comprehensive integrated solutions for critical sites, managed by  Fortis 4G    our 4th generation cutting  edge  Physical Security Information Management    system (PSIM). The solutions leverage our broadest portfolio of unique homegrown  Perimeter Intrusion Detection Systems (PIDS),    advanced outdoors  CCTV    /  IVA    technology and holistic  Cyber Security    solutions.

For more information:

 
    Magal S3                        CCG Investor Relations
 
    Eitan Livneh, CEO               Ehud Helft/Kenny Green
                                   
    Tel: +972-3-539-1421            Tel: (US) +1-646-201-9246
                                   
    Assistant: Ms. Elisheva Almog   Int'l dial: +972-3-607-4717
                                   
    E-mail: elishevaa@magal-s3.com  E-mail: magal@ccgisrael.com
                                   
    http://www.magal-s3.com
                                  

SOURCE Magal Security Systems Ltd

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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