REG - Ethernity Networks - Director Change

Ethernity NetworksAnnouncement

09/10/2024 07:00

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RNS Number : 4349H  Ethernity Networks Ltd  09 October 2024

09 October 2024

 

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

 

Director change

 

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data
processing semiconductor technology for networking appliances, announces that
Ayala Deutsch has decided to step down from her position as Chief Financial
Officer (CFO) and board member, with immediate effect.

 

The board has commenced a search for a suitable replacement candidate for the
CFO role and announces that Tomer Assis has assumed the position with
immediate effect, initially in a non-board capacity. Tomer is a tech leader,
with two decades of significant impact in start-ups and public companies
worldwide. As a co-founder, CEO and CFO, he accelerated growth in tech firms.
He is a Certified Public Accountant with a B.B. in Business Administration,
Accounting, and Finance and his expertise spans business strategy, M&A,
IPOs, listed companies, fundraisings, investor relations, global operations
and business development. Tomer's insights will provide the Company with
invaluable guidance, enabling Ethernity to effectively navigate complex
financial landscapes, and the Board is confident that his expertise will
contribute significantly to the Company's future growth.

 

David Levi, Ethernity's CEO, commented: "I would like to sincerely thank Ayala
for her dedication and valuable contributions over the past five years. I
especially appreciate her willingness to take on the CFO role a year ago
during a challenging period for the company. I wish Ayala all the best in her
future endeavors. I am also delighted to welcome Tomer to Ethernity. He joins
at an exciting juncture for the business."

 

For further information, please contact:

 

 Ethernity Networks Ltd                                         Tel: +972 3 748 9846
 David Levi, Chief Executive Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)   Tel: +44 (0)20 3328 5656
 James Reeve / Piers Shimwell (Corporate Finance)

 Amrit Nahal / Stefano Aquilino (Sales and Corporate Broking)

 CMC Markets UK plc (Joint Broker)                              Tel: +44 (0)20 3003 8632
 Douglas Crippen

 Peterhouse Capital Limited (Joint Broker)                      Tel: +44 (0)20 7562 0930
 Lucy Williams / Duncan Vasey / Eran Zucker

 

About Ethernity (www.ethernitynet.com)

 

Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking
and security solutions on programmable hardware for accelerating telco/cloud
networks. Ethernity's semiconductor logic offers complete Carrier Ethernet
Switch Router data plane processing and control software with a rich set of
networking features, robust security, and a wide range of virtual function
accelerations to optimize telecommunications networks. Ethernity's complete
solutions quickly adapt to customers' changing needs, improving
time-to-market, and facilitating the deployment of 5G, edge computing, and
Broadband Networks.

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