18th Feb 2021 20:15
Ethernity Networks Ltd- Israel-based network processing technology supplier - Chair Graham Woolfman steps down and leaves the company following the end of his formal notice period. Recruitment of his successor has reached "an advanced stage" and the new appointment is expected to conclude by early next month. A further announcement will follow in due course.
Until the new chair is appointed, Chief Executive David Levi assumes the role of interim executive chair, while Independent Non-Executive Director Neil Rafferty takes over responsibility for corporate governance.
Ethernity explains that: "Under Israeli law, the chairman may not be a member of either the Remuneration or Audit Committees, and this will allow the two external directors and the independent non-executive director to remain as members of those committees and the Remuneration and Audit Committees to retain their current composition."
Current stock price: 36.00 pence
Year-to-date change: unchanged
By Anna Farley; [email protected]
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