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: Cutting Webinar

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



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 Policy Advertise