Wednesday, October 5, 2005

ECI Telecom Nominates Rafi Maor as Next CEO

ECI Telecom announced that Doron Inbar will step down as President and CEO of the company at the end of 2005. Rafi Maor, currently the Chief Operating Officer (COO) of the company, was nominated by the board of directors as the new President and CEO effective January 1 2006. Doron Inbar is expected to join the board of directors and will chair its strategy committee.

Prior to joining ECI last year, Maor spent nine years at Indigo N.V., where he served as President and Chief Operating Officer of the company. Following the acquisition of Indigo by Hewlett Packard in 2002, he served as General Manager of the HP/Indigo Division and Vice President at HP Corporate with worldwide responsibility for the product line. Prior to Indigo, Maor spent 20 years with Israel Aircraft Industries. Maor holds an Engineering degree from Tel Aviv University and is a graduate of the Advanced Management Program at the Insead Business School in France.

Commenting on the announcement, Doron Inbar said "After 22 years with the company, the last 6 of which as President and CEO, I felt that I needed a change and asked the board to step down and pursue new interests in my life. I am pleased and proud with the choice of Rafi Maor as the new CEO of the company."