SuperCom Names New President and CEO - Mr. Ordan Trabelsi

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) announced the appointment of Ordan Trabelsi as the new President and CEO effective February 21, 2021. Ordan, who has been with the company since 2013, previously led SuperCom's operations in the Americas, achieving over $10 million in annual revenue. His experience includes leading successful mergers and acquisitions and raising over $75 million in capital. Former CEO Arie Trabelsi will assist in the transition while remaining on the board. This leadership change aims to capitalize on growth opportunities in the e-Government, IoT, and Cybersecurity sectors.

Positive

• Appointment of Ordan Trabelsi as new CEO expected to boost growth efforts.
• Ordan's leadership in the Americas resulted in over $10 million annual revenue.
• Successful experience in mergers and acquisitions and securing $75 million in capital.

Negative

• None.

TEL-AVIV, Israel, Jan. 5, 2021 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IOT and Cybersecurity sectors, announced today that Mr. Ordan Trabelsi will be appointed as SuperCom's new President and Chief Executive Officer effective as of February 21, 2021. At the same time, Mr. Arie Trabelsi, President and CEO of SuperCom since 2011, will stay on as a member of SuperCom's board of directors to support the transition of the new management team.

Ordan Trabelsi currently leads SuperCom's business and operations in the Americas through his role as President and CEO of SuperCom Americas. He has been with the company since May 2013 as the second US employee and grew the business in the USA to over $10 million in annual revenues and profitability, representing over 1000% of organic growth. He has also lead successful mergers and acquisitions and numerous financings for the company, including public equity offerings, private equity placements, and various credit facilities, which totaled over $75 million in capital.

Ordan has over 15 years of experience as CEO growing high tech companies globally. He also has experience in research and development, product innovation, go-to-market strategies and leadership of global multi-disciplinary teams, as well as hands-on technology experience in cyber security, encryption, advanced mathematics, and mobile and internet networks technologies. Ordan holds a BSc. degree in Software and Electrical Engineering from the Technion - Israel Institute of Technology, which he began studies for at the age of 15 and graduated with high distinction, as well as an MBA degree from the Columbia University Business School, New York, where he graduated with distinction.

"This is an exciting time for SuperCom where we see momentum throughout the world and great opportunity for future growth," said Arie Trabelsi, President and CEO of SuperCom since 2011. "I am delighted to see Ordan take leadership of the company. His successful experience growing the company's business in the U.S. from less than $100 thousand to over $10 million in annual revenues, our largest revenue and operations region, makes him a natural fit to lead the company in the coming years as it continues its expansion in developed countries and cutting-edge technologies. His extensive experience working closely with public company investors, sell-side analysts, and investment banks, as well as his expertise in finance, technology, and global strategy, make him ideally suited as a public company CEO. He can accelerate our business plan to become a global leader for our target markets in the e-Government, Cyber and IoT sectors. I look forward to supporting Ordan and the new management team to make this transition as smooth as possible."

About SuperCom

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

SuperCom's website is http://www.supercom.com  

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in SuperCom's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by SuperCom. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and SuperCom's independent auditors. SuperCom undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

SuperCom Corporate Contact:
Ordan Trabelsi, President Americas
Tel: +1-212-675-4606
ordan@supercom.com

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SOURCE SuperCom Ltd

FAQ

Who is the new CEO of SuperCom (SPCB)?

Ordan Trabelsi has been appointed as the new CEO of SuperCom, effective February 21, 2021.

What revenue did Ordan Trabelsi achieve at SuperCom before becoming CEO?

Ordan Trabelsi led SuperCom's operations in the Americas to achieve over $10 million in annual revenue.

When was the new CEO appointed for SuperCom (SPCB)?

Ordan Trabelsi was appointed as CEO on February 21, 2021.

What experience does Ordan Trabelsi have in the industry?

Ordan has over 15 years of experience in growing high-tech companies and has successfully led mergers and acquisitions for SuperCom.

How much capital has Ordan Trabelsi raised for SuperCom?

Ordan Trabelsi has raised over $75 million in capital during his tenure.