MP MENASHE, Israel--(BUSINESS WIRE)--
Caesarstone Ltd. (NASDAQ:CSTE), a manufacturer of high quality
engineered quartz surfaces, today announced the appointment of Mr. Ophir
Yakovian as the Company's new Chief Financial Officer. Mr. Yakovian is
expected to join Caesarstone in April 2018.
Raanan Zilberman, Chief Executive Officer, commented, "We are delighted
to welcome Ophir Yakovian, an experienced finance executive, as the
Company's Chief Financial Officer. We believe that Mr. Yakovian's track
record with industrial and publicly-traded companies makes him a natural
fit for our business and Company culture, a strong leader to the
Company's global finance organization and a significant partner in
Caesarstone's future. On behalf of the Company, I would like to thank
Yair Averbuch for his many years of service to the Company as CFO, as he
was an important contributor to our global growth and the development of
our market leadership position."
Mr. Yakovian brings nearly 20 years of experience in various financial
roles, most recently serving as CFO of Perion Network Ltd. (NASDAQ:PERI)
and prior to that as CFO of Tnuva Group, Israel's largest food
manufacturer. Prior to Tnuva Group, Mr. Yakovian served as the CFO of
Lumenis Ltd. (previously NASDAQ:LMNS), a global leader in the field of
minimally-invasive clinical solutions. Prior to that, Mr. Yakovian
served as VP Finance of Verint Systems (NASDAQ:VRNT). He holds a
bachelor's degree in economics and accounting and a master's degree in
business economics from Bar Ilan University, Israel, and is a Certified
Public Accountant.
Mr. Yakovian commented, "I am excited to join Caesarstone at a time
where the Company is so well-positioned in a growing and evolving
industry. The team has laid a solid foundation for Caesarstone to move
forward, and I am eager to be a part of those efforts and to help take
the Company through its next stage of growth."
Mr. Averbuch will remain with the Company to ensure a smooth transition.
About Caesarstone
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
three collections of products — Classico, Supernatural, and Concetto —
are available in over 50 countries around the world. For more
information about the Company, please visit our website www.caesarstone.com.
(CSTE-E)
Forward-Looking Statements
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/20180207005585/en/
Investor Relations
ICR, Inc.
James Palczynski,
+1-203-682-8229
Partner
Source: Caesarstone Ltd.
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