TIDMENET

RNS Number : 1143U

Ethernity Networks Ltd

01 December 2021

1 December 2021

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

Directorate Change

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking processing technology ported on FPGA (field programmable gate array) for virtualised networking appliances, announces that Neil Rafferty, independent non-executive director, has tendered his resignation and is stepping down from the Board today, 1 December 2021.

The Board will proceed immediately with the search for a suitable candidate for the role of independent non-executive director, to add further balance and experience to the Board composition, and the Company will make a further announcement in due course.

In the intervening period, Mark Reichenberg, CFO and David Levi, CEO will join the two existing independent non-executive directors on the Audit & Risk, and Remuneration Committees respectively, and Mark Reichenberg will assume responsibility for corporate governance. Under Israeli law, the Chairman may not be a member of either the Remuneration or Audit Committees, and these changes will allow the Committee memberships to continue with a majority of non-executive directors. In addition, Mark Reichenberg, will join the Nomination Committee which will be chaired by Yosi Albagli in the interim.

Yosi Albagli, Ethernity's Chairman, said: " Neil made a great contribution to the Company during his role as a Non-Executive Director and a member of its committees, and his participation in the Board and its committees was highly valued and appreciated; we all wish Neil much success in the future. "

 
                                              Tel: +972 8 915 0392 
  Ethernity Networks Ltd. 
David Levi, Chief Executive Officer 
Mark Reichenberg, Chief Financial Officer 
 
Arden Partners plc (NOMAD and Joint Broker)  Tel: +44 207 614 5900 
Richard Johnson / George Morgan 
 
Peterhouse Capital Limited (Joint Broker)    Tel: +44 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 FPGA 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 NFV.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOABIBDBXSXDGBG

(END) Dow Jones Newswires

December 01, 2021 02:00 ET (07:00 GMT)

Ethernity Networks (LSE:ENET)
Gráfica de Acción Histórica
De Dic 2021 a Ene 2022 Haga Click aquí para más Gráficas Ethernity Networks.
Ethernity Networks (LSE:ENET)
Gráfica de Acción Histórica
De Ene 2021 a Ene 2022 Haga Click aquí para más Gráficas Ethernity Networks.