B.O.S. Better Online Solutions Ltd. Announces the Appointment of Yuval Viner as Acting CEO and of Avidan Zelicovsky as Acting President
RISHON LEZION, Israel, October 20, 2009 — B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC) announced today that Shalom Daskal has ceased to serve as the Chief Executive Officer of the Company effective October 20, 2009. Mr. Daskal is succeeded by Mr. Yuval Viner, who has been appointed as acting CEO, while the Company’s Board further evaluates the management structure of the BOS group. In addition, Mr. Avidan Zelicovsky has been appointed as the acting President of the Company.
Yuval Viner, currently BOS’ Head of RFID and Mobile Solutions, joined BOS following its acquisition of Dimex System’s assets in March 2008. Mr. Viner was the marketing director of Dimex Systems since 1993 and in 2000 was appointed as Dimex Systems CEO.
Avidan Zelicovsky, currently BOS’ Head of Supply Chain Solutions Division, joined the Company as the CEO of Odem Electronic Technologies Ltd. following the BOS acquisition of Odem in 2005. Mr. Zelicovsky was appointed as Odem’s CEO in 2005 after holding various positions in Odem since 1996.
Messrs Viner and Zelicovsky will continue to hold their existing positions and maintain their current compensation package, thus the Company is expected to reflect savings as a result of the new management structure.
Edouard Cukierman, Chairman of the Board, stated: “We would like to express the Board’s appreciation to Shalom Daskal’s contribution to the restructuring of BOS business and the strengthening of the BOS position as a worldwide leader in providing comprehensive Mobile and RFID solutions for the enterprise. We wish Shalom success in his future endeavors.” Mr. Cukierman continued: “We are confident that the skill set and vast experience of both Yuval Viner and Avidan Zelicovsky will benefit BOS in coping with the challenges that lay ahead. The deep knowledge of Yuval and Avidan of the BOS group and its business will facilitate a smooth transition”.
Yuval Viner and Avidan Zelicovsky stated: “We are looking forward to taking the helm of BOS and are certain that our many years of combined experience will serve us well as we focus on growing the company and bringing it to profitability.”