Nitzan Sapir to Leave Position as President and CEO of Cimatron


GIVAT SHMUEL, Israel, Aug. 6 2003, Mr. Nitzan Sapir today announced to the Board of Directors of Cimatron Ltd. (NASDAQ: CIMT) that he intends to leave his position as President and CEO of the Company. To assure a smooth transition, Mr. Sapir will continue in his position until a new CEO is chosen and will remain available for consultation afterwards.

In response, Mr. Rimon Ben Shaul, Cimatron's Chairman of the Board, said, "We are grateful to Nitzan for his three-and-a-half year contribution to Cimatron. Nitzan built and led a strong team which was successful in transforming a crisis, high-loss situation into profitability, and preparing the infrastructure for future growth. Nitzan leaves behind him a portfolio of innovative products and effective worldwide sales channels -- a good basis for our confidence in the company and its future. We wish him good luck in his future endeavors."

Mr. Nitzan Sapir commented, "I am proud of the successful turnaround that we have achieved over the last three-and-a-half years. With innovative products that meet growing market needs, a global customer base, and worldwide distribution channels, Cimatron is well-positioned to grow and prosper in the future."

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 provides mold, tool and die makers with comprehensive solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and shorten product delivery time. Worldwide, Cimatron's leading solutions are used by in more than 15,000 installations for 8,500 customers in the automotive, consumer plastics, and electronics industries.
Founded in 1982, Cimatron Ltd. is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and distributor network are located in over 35 countries to serve customers with complete pre- and post- sales support. For more information, visit our web site at http://www.cimatron.com.



Review Article Be the first to review this article
Rand3D

SolidCAM - Break The Chains

Featured Video
Jobs
System Designer/Engineer for Bluewater at Southfield, Michigan
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Product Manager for CHA Consulting, Inc. at Boston, Massachusetts
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
Upcoming Events
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
4th International Conference on Sensors and Electronic Instrumentation Advances (SEIA' 2018) at Movenpick Hotel Amsterdam City Centre Amsterdam Netherlands - Sep 19 - 21, 2018
Kenesto: 30 day trial
MasterCAM



Internet Business Systems © 2018 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