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ECI Telecom Names Itzik Zion Executive Vice President and Chief Financial Officer

08 мая 2007
ECI Telecom announced the appointment of Itzik Zion as Executive Vice President and Chief Financial Officer. He will be joining the company in mid June. ECI's current CFO, Giora Bitan, is departing to resume his venture capital career. Bitan will work with Zion in the coming weeks to ensure a smooth transition.

Commenting on the appointment, Rafi Maor, President and Chief Executive Office said, "I am pleased to have someone of Itzik Zion's caliber join ECI's senior management team. Itzik brings to ECI more than 15 years of corporate finance, strategic planning, operations and global management experience. His diverse background, as CFO of publicly traded companies, both on NASDAQ as well as NYSE, together with his experience in the telecom industry, will add great value to our team and to ECI's continued growth strategy."

Biographic note

Prior to joining ECI, Zion served as CFO of Motorola Israel, a wholly owned subsidiary of Motorola Inc. and one of Israel's leading telecommunication companies, with over 3000 employees. While at Motorola, Zion also served on the board of directors of MIRS Communications, one of four cellular operators in Israel. Previously, Zion served as CFO of Super-Sol, one of the largest retail company in Israel with over $1.5 billion in revenues, which traded then both on the New York Stock Exchange as well as the Tel Aviv Stock Exchange. Prior to that, Zion served as CFO of New Dimension Software, which traded on NADSAQ, up until it was acquired by BMC Software for $650 million. Zion is a Certified Public Accountant (Israel) and holds a B.A. in Accounting and Economics from Tel Aviv University.

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