Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

On Track Innovations Announces Resignation Chairman And President & CMO

RELATED NEWS
Trade OTIV now with 

On Track Innovations Ltd. (OTVI) said Monday that its Chairman Oded Bashan and President & CMO Ohad Bashan have submitted letters of resignation, resigning from their respective positions with the company and its subsidiaries, effective June 23, 2013, which is the last date of the advance notice period according to their employment contracts.

Oded Bashan will retain his role as a director on On Track Innovations' board. Oded Bashan founded On Track Innovations about 23 years ago and managed it since then.

Ohad Bashan joined the company 16 years ago and served in several positions. In the last 5 years , he acted as the President and CMO of On Track Innovations and the CEO of OTI America.

The company said it expects to fill the vacancies left by the resignations of Oded Bashan and Ohad Bashan by or before June 23, 2013, including the position of Chief Executive Officer, which became vacant on December 12, 2012 as announced earlier this month.

Click here to receive FREE breaking news email alerts for OTI ON TRACK INNOVATIONS and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.