[SatNews] Gilat Satellite Networks (NASDAQ: GILT) has announced that Erez Antebi has decided to step down from the position of CEO of Gilat Satellite Networks.
Dov Baharav, Gilat's Chairman of the Board will assume the position of interim CEO until a new CEO is appointed. The transition between Mr. Baharav and Mr. Antebi will occur during the second quarter of 2015. Mr. Baharav will remain Gilat's Chairman of the Board.
On behalf of Gilat's Board of Directors, Dov Baharav saiud, "We recognize Erez's great contribution to Gilat over the many years in his various positions. His achievements include developing and leading a series of successful initiatives to enter new markets, as well as new product development, streamlining operations and improving cost savings. These and others have helped establish a solid foundation for Gilat's future."
Mr. Erez Antebi said, "After many years in the company and three years as CEO, I'm happy to see its success and strong momentum going forward. I am proud of having led the company back to a profitable path and turning Gilat into a true global leader in its space. Though I have decided to look for my next opportunities, I will always remain committed to Gilat's success".