Ethernity Networks Ltd Directorate Change (1143U)
01 Diciembre 2021 - 01:00AM
UK Regulatory
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.
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END
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