AIRPORT CITY BUSINESS PARK, Israel, November 23, 2011 /PRNewswire/ --
RRsat Global Communications Network Ltd. (NASDAQ: RRST), a leading provider of comprehensive content management and global distribution services to the television and radio broadcasting industries, today announced the appointment of Mr. Itzhak Zion as its new Chief Financial Officer, effective December 1st, 2011. Mr. Zion is replacing Mr. David Aber, the current CFO.
Mr. David Rivel, Founder and CEO of RRsat stated: "Mr. Zion is a seasoned CFO and comes with significant experience across a range of industries. I believe his background and skills are aligned with RRsat's goals and that he will have much to contribute to the Company. I am happy to welcome him to the team."
Commenting on the departing CFO, Mr. David Aber, Mr. Rivel added: "David played an important role during the time that he was with RRsat. On behalf of the Board and the management, I thank him for his professional service and wish him much success in the future."
Mr. Zion has held several CFO positions in the technology, communications and retail industries in both private and publicly traded companies. He was most recently the CFO of ECI Telecom, one of the largest Hi Tech companies in Israel, with worldwide presence. Before that he served as CFO of Motorola Israel (2004-2007) during which he also served on the board of directors of MIRS Communications, an Israeli cellular operator. From 1999-2003 he was the CFO of Super-Sol, one of Israel's largest retail companies which at the time was traded on both the New York Stock Exchange and the Tel Aviv Stock Exchange. From 1995-1999, Mr. Zion was CFO of NASDAQ-traded New Dimension Software, which was eventually acquired by BMC Software. Mr. Zion is a Certified Public Accountant and holds a B.A. in Accounting and Economics from Tel Aviv University.
About RRsat Global Communications Network Ltd.
RRsat Global Communications Network Ltd. (NASDAQ: RRST) provides global, end-to-end, content management and distribution services to the rapidly expanding television and radio broadcasting industries, covering more than 150 countries. Through its RRsat Global Network, composed of satellite and terrestrial fiber optic capacity and the public Internet, RRsat provides high-quality and flexible global distribution services 24/7 to more than 630 channels reaching multiplatform operators, Internet TV and direct-to-home viewers worldwide and also offers occasional use services for sports, news and events with a fleet of flyaways and over 10 transportable satellite news gathering services (SNG) units. More than 130 television and radio channels use RRsat's advanced production and playout centers comprising comprehensive media asset management services.