MP MENASHE, Israel--(BUSINESS WIRE)--Jul. 6, 2018--
Caesarstone Ltd. (NASDAQ:CSTE), a manufacturer of high quality
engineered quartz surfaces, today announced the appointment of Mr. Yuval
Dagim as the Company’s new Chief Executive Officer. Mr. Dagim’s exact
starting date will be announced shortly.
Yuval holds vast experience in global business and leadership across
multiple industries, including building materials, consumer products and
construction. During his 28-year career, he has successfully spearheaded
numerous organizational enhancements and global business developments at
several companies.
Dr. Ariel Halperin, Chairman of the Board, commented, “I am delighted to
welcome Yuval, who brings a wealth of experience to our executive ranks.
Yuval is a proven leader. In particular, his multi-industry experience
in managing and growing branded products on multiple continents provides
an exceptional fit for Caesarstone. We look forward to Yuval leveraging
our global operating platform, powerful brand and innovative products to
continue to enhance shareholder value."
Yuval was most recently the CEO of Shikun & Binui Ltd. (TASE: SKBN.TA),
a global construction and infrastructure company headquartered in
Israel. His previous positions include Managing Director at Kimberly
Clark Israel, Australia and New Zealand, where he achieved a strong
track record of advancing global processes, supply chain and marketing
of branded products, along with a profound expertise in heading
international organizations. He also served as Managing Director of
Quarry Products at Hanson UK in Great Britain, where he gained extensive
experience in construction materials and oversaw thousands of employees
across several countries.
Mr. Dagim stated, "I am excited to join the Company at this stage of its
evolution. Caesarstone’s unparalleled brand of premier engineered quartz
products has made it one of the most recognizable interior surfaces in
the world. I look forward to working with the leadership team and
employees at Caesarstone to drive the business forward while continuing
to introduce cutting-edge products, promote the brand and expand
customer relationships."
Yuval will replace Interim CEO, Yair Averbuch, who is in the final
stages of completing his previously announced departure. “We sincerely
thank Yair for his leadership role as interim CEO during the past
several months and his dedicated service to our Company over the past
eight years,” stated Dr. Halperin.
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: https://www.businesswire.com/news/home/20180706005158/en/
Source: Caesarstone Ltd.
Investor Relations
ICR, Inc.
Rodny Nacier
Managing
Director
+1 646-277-1237