Sabih Sayla Elected to Eltek (ELTK) Board of Directors

May 13, 2013 6:57 AM EDT
On May 13, 2013, Eltek Ltd (Nasdaq: ELTK) announced that its board of directors elected Mr. Sabih Saylan to serve as a director until the next annual meeting of shareholders. Mr. Saylan was elected to fill the vacancy arising from the resignation of Mr. Itamar Levy on April 25, 2013. Since 1980, Mr. Saylan, 53, has served in various capacities at Merhav MNF Ltd. (“Merhav”), a corporation wholly owned by Mr. Josef Maiman, the Company's principal shareholder. Most recently, from December 2011, Mr. Saylan served as the Head of Business Development of Merhav and since 2006 as a Senior Vice President. In addition, Mr. Saylan served as a director at Ampal-American Israel Corporation since May 5, 2010 until April 2013. Mr. Saylan holds an MBA (Finance), and a B.A. in Economics and Statistics, both from the Tel Aviv University.


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