Nova Measuring (NVMI) CEO Gabi Seligsohn Resigns

June 19, 2013 6:39 AM EDT
Nova Measuring Instruments Ltd (NASDAQ: NVMI) announced that Gabi Seligsohn, Nova's President & CEO, has informed the Board of Directors of his decision to step down from his position.

The Company also announced the Board of Directors' decision to promote Eitan Oppenhaim, Nova's Executive Vice President, to become President and Chief Executive Officer, effective July 31, 2013.

Gabi Seligsohn's decision comes after 7 years as President & CEO. During that period Seligsohn headed a growth strategy which led to significant growth in the Company's net profitability and revenues. His vision and leadership has transformed Nova from a single product OEM company to a multiproduct leading edge solution provider.

With more than 15 years of corporate leadership and relevant industry experience at several prominent companies, Mr. Oppenhaim is currently the Company's Executive Vice President of the Global Business Group, heading all of Nova's customer-facing activities.


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