Cimatron Appoints Yossi Ben Shalom New Board Chairman

GIVAT SHMUEL, Israel, May 12 /PRNewswire-FirstCall/ -- Cimatron Ltd. , a leading developer of CAD/CAM solutions for the tooling industry, is pleased to announce the recent appointment of Yossi Ben Shalom as the Company's Chairman of the Board of Directors, replacing Rimon Ben Shaoul.

Ben Shalom is currently a partner in DBSI, one of Cimatron's major shareholders. He was formerly VP Finance of Koor Industries, and currently serves as the Chairman of the Board of Nexus Telocation Systems Ltd. (NXUS).

Ben Shaoul, CEO of Koonras Technologies, served as Chairman of the Board of Cimatron Ltd. since 2002. "We have great challenges ahead of us, but we are confident that we will reach our business objectives and maintain Cimatron as a market leader," comments Ben Shalom. "We thank Rimon for his two years of dedicated service and for his many contributions to Cimatron." Ben Shaoul will remain on as a member of the Board of Directors of Cimatron Ltd.

Cimatron Ltd.'s major shareholders are Koonras Technologies, a subsidiary of Polar Investments, and the DBSI Investment group.

About Cimatron

Cimatron Ltd. (NASDAQ: CIMT) is a leading developer of integrated CAD/CAM solutions for the tooling industry. Through its Data-to-Steel product philosophy, Cimatron is committed to providing mold, tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Worldwide, more than 8,500 customers, with over 17,000 installations in the automotive, consumer plastics, and electronics industries, employ Cimatron's leading CAD/CAM solutions for manufacturing. Founded in 1982, Cimatron Ltd. is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, visit our web site at http://www.cimatron.com/.

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the Company's periodic filings with the Securities and Exchange Commission.

  For More Information Contact:
  Rose Malichi
  Phone: +972-3-531-2095
  Email: 
Email Contact

CONTACT: Rose Malichi of Cimatron Ltd., +972-3-531-2095,
Email Contact

Web site: http://www.cimatron.com/




Review Article Be the first to review this article
Rand3D

Autodesk University 2017

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
NVIDIA’s AI Computer Drives AVs
Jobs
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
GIS Software Developer for UDC at Englewood, CO
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
ENVIRONMENTAL GRAPHIC DESIGNER for Blitz at San Francisco, CA
GIS Analyst for G2 Partners LLC at San Ramon, CA
Upcoming Events
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
ATX MINNEAPOLIS 2017 at Minneapolis MN - Nov 8 - 9, 2017
2017 China Chongqing International Machine Tool Show (CCIMT) at Chongqing International Expo Center, Yubei Chongqing China - Nov 13 - 16, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise