Caesarstone Announces the Appointment of Raanan Zilberman as Chief Executive Officer
MP MENASHE, Israel--(BUSINESS WIRE)--
Caesarstone Ltd. (NASDAQ:CSTE), a manufacturer of high quality
engineered quartz surfaces, today announced the appointment of Mr.
Raanan Zilberman as the Company's new Chief Executive Officer.
Mr. Yonathan Melamed, Chairman of the Board, commented, "I am happy to
welcome Raanan Zilberman, who will join Caesarstone as the Company's CEO
in February 2017. After a rigorous search, the Board of Directors
elected Mr. Zilberman due to his leadership and considerable experience,
along with his strong track record of success as a CEO."
Mr. Zilberman commented, "I am proud and excited to join Caesarstone. I
look forward to working with the management team, who has done an
amazing job in developing the Company over the past few years. Together
we will continue to seek new growth opportunities to foster our brand
and to further enhance value for Caesarstone's shareholders, employees,
partners and customers."
Over the last 17 years, Mr. Zilberman has served as CEO & President of
corporations, including: CEO of Eden Springs, a Swiss-based leading
provider of water & coffee services to European workplaces, with a
network of 160 branches and 30 water plants across 18 countries; CEO of
Danone Springs, a joint venture between "Group Danone" and "Mey Eden"
with a European-wide water production and distribution footprint;
President of Vishay Transducers, a subsidiary of Vishay Intertechnology
Inc., a Fortune 1000 Company listed on the NYSE with operation sites in
the USA, Europe & Asia; and CEO & President of Tedea-Huntleigh, a
multinational company listed on TASE that engages in production and
marketing of electromechanical sensors. Prior to that, Mr. Zilberman
served as COO of Tadiran
Appliances, a former subsidiary of Carrier and United Technologies,
a Fortune 500 company, which manufactures air
conditioners and refrigerators.
In accordance with applicable legal requirements, the Company will
submit the terms of Mr. Zilberman's employment for approval by its
shareholders at its upcoming annual meeting of shareholders.
Caesarstone manufactures high quality engineered quartz surfaces, which
are used in both residential and commercial buildings as countertops,
vanities, wall cladding, floors and other interior surfaces. The wide
variety of colors, styles, designs and textures of Caesarstone®
products, along with Caesarstone's inherent characteristics such as
hardness, non-porous, scratch and stain resistance and durability,
provide consumers with excellent surfaces for their internal spaces
which are highly competitive to granite, manufactured solid surfaces and
laminate, as well as to other engineered quartz surfaces. Caesarstone's
four collections of products — Classico, Supernatural, Motivo, and
Concetto — are available in over 50 countries around the world. For more
information about the Company, please visit our website www.caesarstone.com.
Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections
about future events that are "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally relate to the Company's plans,
objectives and expectations for future operations, including its
projected results of operations and the expected timing of expanding its
manufacturing facilities. These forward-looking statements are based
upon management's current estimates and projections of future results or
trends. Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include, but
are not limited to: the strength of the home renovation and construction
sectors; economic conditions within any of our key existing markets;
actions by our competitors; changes in raw material prices, particularly
polymer resins and pigments; fluctuations in currency exchange rates;
the success of our expansion efforts in the United States; the outcome
of silicosis claims and the claim by our former quartz processor;
unpredictability of seasonal fluctuations in revenues; delays in
manufacturing if our suppliers are unable to supply raw materials; and
other factors discussed under the heading "Risk Factors" in our most
recent annual report on Form 20-F and other documents filed with the
Securities and Exchange Commission. These forward-looking statements are
made only as of the date hereof, and the Company undertakes no
obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160919005647/en/
Source: Caesarstone Ltd.
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