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TAT Tech (TATT) Audit Committee Member Anat Hollander Resigns; New Appointee Named

January 30, 2012 1:17 PM EST
TAT Technologies Ltd. (Nasdaq: TATT) reports that following the approval by the Audit Committee of the Company that Ms. Iris Shapira Yalon is qualified to serve as an "independent director" of the Company, the Board of Directors of the Company elected Mrs. Shapira as a member of the Board and of the Audit Committee of the Company. The Audit Committee also determined that Ms. Shapira is qualified as a "director with accounting and financial expertise".

Ms. Shapira has served, since February 2010, as the CFO of Haldor Advanced Technologies Ltd. and, since 2010, as an "external" director of Computer Direct Group Ltd. During 2010-2011, she served as an "external" director of E.T. View Ltd, and during 2003-2007 as the CFO of Cloverleaf Communications Inc. Prior to that, Ms. Shapira served, inter alia, as the CFO of Emblaze Mobile Technologies Ltd. and of Mofet Venture Capital Fund. Ms. Shapira holds a B.A. in accounting and economics from Tel Aviv University and is a certified CPA (Israel).

In addition, on January 29, 2012, Ms. Anat Hollander, a member of the Board of Directors and of the Audit Committee of the Company, notified the Company of her resignation as a director of the Company. Ms. Hollander's resignation did not result from any disagreement or dispute with the Company.


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