BluePhoenix (BPHX) CEO Shimon Bar-Kama Resigns, Will Join Board; President Bell to Assume Role
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BluePhoenix (Nasdaq BPHX), announced the planned restructuring of the management team. Shimon Bar-Kama has resigned from the position of CEO of BluePhoenix so he can rejoin the Board of Directors, effective immediately. Matt Bell, who is currently the company President, will now be President & CEO. “After getting to know the people, technology and innovation at BluePhoenix, I’m very excited about the growth opportunity we have in the market.”
Mr. Bar-Kama will continue as an employee of the company until early August. He will assist and support Mr. Bell during this period. Mel Keating, Chairman of the Board, said, “We all want to thank Shimon for stepping in to the role of CEO, helping us with the sale of business units and overseeing the strengthening of our balance sheet. We welcome him back on to our Board.”
BluePhoenix also announced that Doron Elhanani has resigned as a member of the board due to other commitments.
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Mr. Bar-Kama will continue as an employee of the company until early August. He will assist and support Mr. Bell during this period. Mel Keating, Chairman of the Board, said, “We all want to thank Shimon for stepping in to the role of CEO, helping us with the sale of business units and overseeing the strengthening of our balance sheet. We welcome him back on to our Board.”
BluePhoenix also announced that Doron Elhanani has resigned as a member of the board due to other commitments.
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