By BFN News | 01:59 PM | Wednesday 03 March, 2021
Producer of water treatment and filtration solutions, Amiad, has announced that Derek Zissman, a statutory external director of the company, has retired from the board of directors with immediate effect.
This follows Mr Zissman's completion of his second three-year term as an external director.
Public companies incorporated under the Israeli Companies Law are required to appoint at least two statutory external directors, each serving a minimum of one three-year term.
Following Mr Zissman's retirement, Arie Schor has become the company's sole statutory external director. Accordingly, the Company is required to appoint at least one additional statutory external director as soon as possible.