December 31st, -0001
Gilat... Moving On Up...
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has announced that its Board of Directors has appointed Erez Antebi as Chief Executive Officer of the Company, effective January 1, 2012. Amiram Levinberg, Gilat's current CEO and Chairman of the Board, intends to continue to serve as Chairman of the Board. Mr. Antebi currently holds the position of Gilat's Executive Advisor for Ka-band solutions. Previously, Mr. Antebi held the position of Chief Executive Officer of Gilat's equipment business unit (Gilat Network Systems - GNS) for five years, including two years in which he also headed Spacenet Rural Communications. Commenting on his appointment, Mr. Antebi said, "I am honored to be asked to head Gilat.The changes in the satellite market open exciting new prospects such as Ka Band technology and expansion of satellite communications to international defense applications. Having been part of the Company for over 17 years, and part of the executive team that defined Gilat's strategy, it is now my opportunity to lead the company to further growth and greater profitability in order to increase our shareholder value."