YAVNE, Israel, June 22, 2015 /PRNewswire/ -- Orbotech Ltd.
(NASDAQ: ORBK) today announced that Ran Bareket has been appointed
to the position of Corporate Vice President and Chief Financial
Officer of the Company, effective as of July
1, 2015.
Mr. Bareket, who is a Certified Public Accountant, joined the
Company in July 2014, as Vice
President, Finance and Operations in the Company's PCB
Division. Prior to joining the Company, Mr. Bareket served as
Vice President and Chief Financial Officer of IVC Industries, Inc.,
a leading manufacturer of nutritional supplements and non
pharmaceutical drug products and, before that, in various finance
positions at Kulicke & Soffa, a global leader in the design and
manufacture of semiconductor, LED and electronic assembly
equipment, including as Corporate Vice President and as its
Principal Accounting Officer. He received his bachelor's
degree in accounting and management from the Tel Aviv Management
College in Israel and his MBA from
Pennsylvania State University.
Commenting on this appointment, Mr. Asher Levy, Chief Executive Officer, stated: "We
are very pleased to have Ran join the senior management team of the
Company. The depth and extent of his expertise in leading
finance and operations activity for global, technology-based,
publicly-traded companies will be pivotal in the Company's
execution on its short and long term growth strategy."
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ: ORBK) is a global innovator of enabling
technologies used in the manufacture of the world's most
sophisticated consumer and industrial products throughout the
electronics and adjacent industries. The Company is a leading
provider of yield enhancement and production solutions for
electronics reading, writing and connecting, used by manufacturers
of printed circuit boards, flat panel displays, advanced packaging,
micro-electro-mechanical systems and other electronic
components. Virtually every electronic device in the
world is produced using Orbotech systems. For more
information, visit http://www.orbotech.com/.
Cautionary Statement Regarding Forward-Looking
Statements
Except for historical information, the matters discussed in this
press release are forward-looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995.
These statements relate to, among other things, future prospects,
developments and business strategies and involve certain risks and
uncertainties. The words "anticipate," "believe," "could,"
"will," "plan," "expect" and "would" and similar terms and phrases,
including references to assumptions, have been used in this press
release to identify forward-looking statements. These
forward-looking statements are made based on management's
expectations and beliefs concerning future events affecting
Orbotech and are subject to uncertainties and factors relating to
Orbotech's operations and business environment, all of which are
difficult to predict and many of which are beyond the Company's
control. Many factors could cause the actual results to
differ materially from those projected including, without
limitation, timing and extent of achieving the anticipated benefits
of the acquisition of SPTS; Orbotech's ability to effectively
integrate and operate SPTS's business, the timing, terms and
success of any strategic or other transaction, cyclicality in the
industries in which the Company operates, the Company's production
capacity, timing and occurrence of product acceptance (the Company
defines 'bookings' and 'backlog' as purchase arrangements with
customers that are based on mutually agreed terms, which, in some
cases for bookings and backlog, may still be subject to completion
of written documentation and may be changed or cancelled by the
customer, often without penalty), fluctuations in product mix,
worldwide economic conditions generally, especially in the
industries in which the Company operates, the timing and strength
of product and service offerings by the Company and each of its
competitors, changes in business or pricing strategies, changes in
the prevailing political and regulatory framework in which the
relevant parties operate or in economic or technological trends or
conditions, including currency fluctuations, inflation and consumer
confidence, on a global, regional or national basis, the level of
consumer demand for sophisticated devices such as smartphones,
tablets and other electronic devices, the timing for a verdict in
the ongoing appeal of the criminal matter and ongoing investigation
in Korea, the final outcome and impact of this matter, including
its impact on existing or future business opportunities in Korea
and elsewhere, any civil actions related to the Korean matter
brought by third parties, including the Company's customers, which
may result in monetary judgments or settlements, expenses
associated with the Korean matter, ongoing or increased hostilities
in Israel and other risks detailed
in the Company's SEC reports, including the Company's Annual Report
on Form 20-F for the year ended December 31,
2014, and subsequent SEC filings. The Company assumes
no obligation to update the information in this press release to
reflect new information, future events or otherwise, except as
required by law.
Company
Contacts:
Anat
Earon-Heilborn
Director of Investor
Relations
Orbotech
Ltd
Tel: +972-8-942
3582
|
Ann
Michael
Senior Corporate
Marketing Communications Manager
Orbotech
Ltd
Tel: +972-8-942
3148
|
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SOURCE Orbotech Ltd.