10th Sep 2007 07:02
Adamind Ltd10 September 2007 10 September 2007 Adamind Ltd (Adamind or "the Company") PDMR/Directorate Change The Board of Adamind announces that Gideon Marks is stepping down as ChiefFinancial Officer (CFO) as of 30 September 2007. Mr Marks joined Adamind as CFO in Q4/06 with the intention of helping with theCompany's turnaround and increasing the communication of its progress to itsshareholders. Following the conclusion of the asset deal with Mobixell earlierthis year, Mr Marks and the Company agree that it is an appropriate time toleave. The Company has hired the services of VAR Management, a firm specializing onwinding down companies. In addition, Rami Guzman, a board member and previouslythe CFO of Motorola Israel will assist with the financial management of thecompany in his capacity as the chairman of the audit committee. Dr Orna Berry, Executive Chairperson of Adamind said: "The Board wishes to thankGideon for his professionalism and contribution to Adamind through a difficultperiod. We wish him well for the future." Enquiries AdamindOrna Berry, Executive Chairperson +972 9 971 9111Shailendra Jain, CEO +1 801 231 9076 Corfin CommunicationsNeil Thapar, Harry Chathli +44 20 7977 0020 Landsbanki Securities, Nominated AdviserSimon Bridges +44 20 7426 9000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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