Benzinga | Nov 23, 2020 06:42AM EST

Gilat Appoints Adi Sfadia as CEO

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, names Adi Sfadia as Gilat's CEO. Adi Sfadia served as Gilat's interim CEO since July 2nd this year and prior to that held the position of Gilat's CFO, for the past 5 years.

Dov Baharav, Gilat's Chairman of the Board commented, "I am pleased to report that Adi Sfadia, who assumed the interim CEO position on July 2nd, 2020, has now been appointed as Gilat's CEO. Adi brings with him a deep understanding and a wealth of experience in the satellite industry, which I believe will bring value to the customers, shareholders and Gilat's employees. On behalf of the entire Board of Directors, we would like to wish Gilat success under Adi's capable leadership."

"I am honored to have been appointed as Gilat's CEO and would like to thank Gilat's Chairman of the Board and all of the board members for their trust and support," said Adi Sfadia, Gilat's CEO. "I am fully committed to Gilat and am confident that with my dedicated management team and talented employees, we will navigate Gilat to accelerated growth and profitability."