Benzinga | Jul 6, 2021 10:28AM EDT

Magal Security Systems Names Tomer Hay As CFO

Senstar Technologies (legal name: Magal Security Systems Ltd.) (NASDAQ:MAGS) announced today that Mr. Tomer Hay has been appointed as CFO of the Company. Mr. Hay will replace Mr. Yaacov (Kobi) Vinokur, who has been Magal's CFO since 2016. Mr. Hay is expected to replace Mr. Vinokur following a transition period.

Mr. Hay joined the Company in 2012 as Corporate Controller and progressed to the position of VP Finance before his appointment as CFO. As VP Finance, Mr. Hay was responsible for the Company's financial reporting, analysis, controls and tax matters. In addition, he was actively involved in strategic processes, including M&A and restructuring.

Prior to joining the Company, Mr. Hay had a successful career within the high-tech sector at Ernst and Young Israel, ending as Senior Audit Manager. Mr. Hay brings over 17 years of professional experience and knowledge of financial management of NASDAQ listed companies engaged in the tech sector.

Mr. Hay is a certified public accountant in Israel and holds a B.A. degree in Accounting and Economics from Tel-Aviv University.