Gilat Hires BG (Res.) Eyal Zelinger as Global Defense Vice President and General Manager
Gilat Satellite Networks announced the appointment of retired Brigadier General Eyal Zelinger as Global Defense Vice President and General Manager, effective December 1, 2020. Zelinger brings over 30 years of experience from the Israel Defense Forces, where he held key roles related to IT systems and cyber defense. This move aims to strengthen Gilat's Defense segment and expand its market reach globally, highlighting the company's focus on enhancing its position in the SATCOM defense sector.
- Appointment of a highly experienced leader in Eyal Zelinger to enhance Gilat's Defense business.
- Strategic focus on expanding Gilat's market opportunities in the global Defense sector.
- Concerns may arise regarding continuity due to the management change.
- Potential gaps in experience as leadership shifts could impact operational consistency.
Retired Brigadier General from the Israel Defense Forces (IDF) to head Gilat's Defense business to maximize opportunities
PETAH TIKVA, Israel, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that it has hired BG (Res.) Eyal Zelinger as its Global Defense Vice President and General Manager. The retired Brigadier General from the Israel Defense Forces (IDF) will head Gilat's Defense business to maximize opportunities worldwide. Appointment effective December 1st, 2020.
BG (Res.) Eyal Zelinger brings a wealth of experience of over thirty years in the IDF C4I branch. During his service he managed the development and operation of the IT systems, cyber defense, communication infrastructure, and served IDF's highest strategic leadership. He retired at the rank of a Brigadier General after serving as the Chief Signal Officer & C4I/J6 Chief of Staff, a position he held until August 2015.
"Gilat is a significant player in the Israel Defense arena. As part of our strategy to strengthen our Defense focus and expand it to global markets, I am most pleased to bring on-board a dedicated Vice President and General Manager to head the Defense Unit," said Michal Aharonov, Gilat's management member and VP Global Broadband Networks at Gilat. "I believe that Eyal Zelinger's strong background and vast knowledge well-positions Gilat to embark on major SATCOM prospects in the Defense market worldwide."
"Joining Gilat presents an outstanding opportunity for me to play an important role in accelerating the company's growth in the Defense area worldwide," said Eyal Zelinger, VP and General Manager Defense at Gilat. "I am excited to bring to Gilat my professional and operational management skills from my long service tenure to expand Gilat’s Defense business both locally and globally."
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid-State Amplifiers (SSPA) and Block Upconverters (BUC).
Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite Networks
Doreet Oren, Director Corporate Communications
DoreetO@gilat.com
GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0adceeaa-0c4a-421b-84dc-16e4129b5df1
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