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Article Excerpt
TEL AVIV, Israel, May 26 /PRNewswire-FirstCall/ -- Ceragon Networks Ltd. , http://www.ceragon.com/, a global provider of high-capacity broadband wireless systems, announced today that Shraga Katz, founder, President and CEO of the Company, has notified the Board that he intends to retire from his position effective July 31st. As the result of its search activity since Mr. Katz's decision, the Board has appointed Ira Palti, a veteran executive, as Ceragon's new President and CEO.
Upon retirement, Mr. Katz will resign from the Board of Directors as well but has agreed to be involved in the Company's activities as an advisor.
Commenting on his decision Mr. Katz said, "After almost nine years with the Company, I feel that...
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