Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

On Track Innovations Announces Resignation Chairman And President & CMO

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 came under pressure in early trading on Friday and remained firmly in the red throughout the remainder of the trading session. With the losses on the day, the S&P 500 pulled back well off yesterday's record closing high. President Barack Obama is meeting with presidents from Central American nations on Friday as the U.S. struggles to deal with a surge of unaccompanied children across the southern border. Despite calls from some leading conservatives, the results of a new CNN/ORC International poll released Friday showed that a vast majority of Americans do not believe that President Barack Obama should be impeached and removed from office.
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.