Radcom Ltd. (RDCM) Announces Chairman Resignation

RADCOM Ltd. (Nasdaq: RDCM) announced today that after 14 years, Ms. Heli (Rachel) Bennun has decided to step down from her role as Executive Chairman, effective December 31, 2024. The Company's Board of Directors has nominated Mr. Sami Totah as the next Chairman, effective January 1, 2025, and subject to election as a director at the upcoming annual general meeting of shareholders.

Ms. Bennun has served as Executive Chairman of the Board since 2015. During her tenure, the Company has experienced remarkable growth, evolving into a strong, healthy, and profitable growth company. The Company is grateful for her guidance and experience, which have been instrumental in successfully transitioning to establishing the Company as a leading automated assurance company in the 5G market with a best-in-class cloud-based solution.

In a statement, Ms. Bennun remarked, "After nearly a decade as Executive Chairman, I feel it's the right time for me to move on. I have tremendously enjoyed working with the wonderful people and the management team at RADCOM. I am proud of our significant milestones, including expanding our customer base to encompass some of the world's most innovative telecom operators. I'm committed to ensuring a seamless transition before I step down."

"I am confident that Sami, with his vast experience and skills, will play an integral role as Chairman in driving value for our stakeholders. His extensive strategic and operational expertise will be invaluable" said Ms. Bennun.

Mr. Totah added, "I am honored to be selected for this role and to have the opportunity to work alongside my fellow directors and the management team to advance the Company's strategic initiatives, enhance long-term stakeholder value, and drive customer satisfaction. I look forward to contributing to the Company's continued success and growth."

"I want to thank Heli for her tireless efforts in guiding the Company toward growth and profitability. I would also like to express our gratitude for her meaningful contributions over the years and wish Heli continued success," Mr. Totah concluded.

You May Also Be Interested In

• Getty Realty discloses separation terms for departing accounting officer
• CPS Technologies signs 80,000-sq-ft lease in Attleboro, Massachusetts
• QNB Corp. overallotment option adds 160,714 shares at $42 each