Senvest Capital founder and CEO Victor Mashaal dies at 87

Senvest Capital Inc. (TSX: SEC) announced the death of founder Victor Mashaal, who served as president, chief executive officer and chairman of the board. Mashaal died at age 87 following a brief illness.

Mashaal founded the Montreal-based corporation in 1968 with an initial investment of $10,000 to purchase Canadian rights to Sensormatic Electronics Corporation's anti-shoplifting products. He later expanded into the Canadian pay TV industry through an investment in First Choice Communications, where he also served as chief executive officer.

"My father founded the Corporation in 1968," said Richard Mashaal, director and vice-president of the corporation. "He guided the Corporation through a series of transformations that ensured its continued success across evolving economies and business cycles."

The company's Montreal offices will be closed through January 5, 2026, in recognition of Victor Mashaal's passing.

Richard Mashaal and George Malikotsis, vice-president of finance, will jointly assume Victor Mashaal's duties as president and chief executive officer on an interim basis. Frank Daniel, current board member and secretary treasurer, will assume chairman duties on an interim basis. Malikotsis will fill the board vacancy created by Victor Mashaal's death.

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