GlobeNewswire
2010-09-06
Eli Gelman, the Incoming CEO and President of Amdocs, Will
Continue to Serve on Retalix's Board
RA'ANANA, Israel, Sept. 6, 2010 (GLOBE NEWSWIRE) -- Retalix(R) Ltd.
(Nasdaq:RTLX) announced today the appointment of Avi Naor, a member of
Retalix's board of directors, to chairman of the board. The appointment
follows Eli Gelman's request to step down from the chairman of the
board position to carry out his responsibilities as the new CEO and
president of Amdocs. Gelman will continue to serve as a member of the
board of directors of Retalix. Naor and Gelman are members of the Alpha
Group and joined Retalix's board of directors in 2009, when the Alpha
Group acquired a 20% share in the company and entered into a
shareholder agreement with the FIMI Fund. Naor's appointment will take
effect in the first quarter of 2011.
Avi Naor commented, "I am excited by the opportunity to serve as the
chairman of the board of directors, which will continue to guide
Retalix in the direction outlined by the Alpha Group. Since the Alpha
Group joined the Company, we have been implementing our strategy in an
orderly and steady manner and are satisfied with the pace and depth of
the development. On behalf of Retalix's board, I would like to thank
Eli Gelman for his meaningful leadership and contribution until now.
Eli will continue to serve on the board and provide his knowledge,
experience and professionalism for the benefit of Retalix. We wish him
great success in his new responsibility as CEO and president of
Amdocs."
Avi Naor, 62, has fulfilled a series of executive positions at the
software giant Amdocs he co-founded, including CEO and president of
Amdocs for 7 years until 2002. Mr. Naor took Amdocs through its first
IPO in 1998 and subsequent offerings and is credited for Amdocs'
growing its revenues tenfold while entering new markets and business
lines. In 2002, Mr. Naor retired from his business career to devote
himself to social and philanthropic activity. In 1997, he founded the
Or Yarok Association, which leads the public agenda in Israel in all
that concerns road safety. In addition to serving as the chairman of Or
Yarok, Naor established the Ran Naor Foundation, which promotes road
safety research.
In 2002, the Naor Family established the Oran Foundation for children
and youth at risk, and Mr. Naor is the active chairman of several youth
villages, which were founded in order to provide solutions for the
special needs of this population. Since 2004, Mr. Naor has served as a
member of the board of governors of the Jewish Agency for Israel. Mr.
Naor was among the founders of "Hakol Chinuch", an organization for
promoting education in Israel, and is a member of its board, as well as
that of other social organizations.
About Retalix
Retalix is an independent provider of software solutions to retailers
and distributors worldwide. Retalix solutions serve the needs of
grocery chains, convenience and fuel retailers, food and consumer goods
distributors and independent grocers. The Company offers a portfolio of
software applications that automate and synchronize essential retail
and supply chain operations, encompassing stores, headquarters and
warehouses. The Company's International headquarters are located in
Ra'anana, Israel, and its American headquarters are located in Dallas,
Texas. For more information about Retalix, please visit
www.retalix.com, the contents of which are not part of this press
release.
Retalix is a registered trademark of Retalix Ltd. in the United States
and in other countries. The names of actual companies, products and
services mentioned herein may be the trademarks of their respective
owners.
The Retalix Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5937
CONTACT: Retalix Ltd.
Hugo Goldman
+972-9-776-6696
investors@retalix.com