logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year. Apple Inc. said Monday after the markets closed that its second quarter profit rose 33% from last year, driven by strong sales of iPhone and Mac as well as all-time record performance of the App Store. The company's quarterly earnings per share also breezed past Wall Street expectations as did its quarterly sales. C.H. Robinson Worldwide Inc. (CHRW), one of the largest transportation logistics firm in North America, Monday reported an increase in first-quarter profit, driven largely by a 5 percent revenue growth. However, earnings for the quarter fell short of Wall Street estimates by a penny, as did revenues. Eden...
comments powered by Disqus
Follow RTT