Perion Network Ltd. (NASDAQ: PERI) (TASE: PERI) announced today that Mr. Orey Gilliam will join the company as President of its Codefuel Division, effective July 8, 2014. Mr. Gilliam previously served as the Head of AOL Messaging, the CEO of ICQ and most recently as the CEO of BIScience, a data-driven advertising and analytics company. “I am very excited to add someone of Mr. Gilliam's caliber and experience to our already very strong Codefuel team. Mr. Gilliam is a proven executive with vast experience in the internet and advertising industry and is exactly what we need to help take the company to the next level,” commented Mr. Josef Mandelbaum, Perion's CEO. “In addition, Mr. Gilliam has worked at large internet companies like AOL and knows how to manage at scale across multiple continents and still keep the start-up spirit alive. He is a proven manager who is well liked and respected by all those who have worked for him. I am confident that Mr. Gilliam will add significant management depth to our existing great team and I look forward to working closely with him.” “I have known Josef for many years and am excited about the opportunity to join him and the rest of the Perion team. Building a large, sustainable and growing business in the internet and mobile industry based in Israel is a vision I have had for many years. I am thrilled to be able to join and be a part of making that vision a reality. As an end-to-end technology platform for developers, to help them promote, monetize and optimize their products, Perion’s potential market size is significant,” commented Mr. Gilliam. Additionally, the Company and Josh Wine agreed to part ways, effective immediately. The Company thanks Mr. Wine for his service. Mr. Gilliam graduated from the Technion - Israel Institute of Technology in 1985 with a B.S. in Computer Engineering. He started his career at Intel, where he worked in various R&D and Technical Marketing roles for 7 years. He then spent the next 11 years with Gilat Satellite Networks and its affiliated companies, where he held various Vice President roles, including Broadband, Operations and CIO. After Gilat, Mr. Gilliam became CEO of ICQ (an AOL company) and ultimately rose to head AOL Messaging, responsible for over 200 employees with offices in multiple countries. After 6 years at AOL, Mr. Gilliam became the CEO of BIScience, a validation, measurement, and analysis solutions provider for online and mobile advertising activities. For the past year, Mr. Gilliam has served as an advisor, consultant and board member to multiple startups in the internet and mobile industry.