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Scitex CEO resigns

Aug 9, 2001 12:00 AM

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Yoav Z. Chelouche will step down as president and CEO of Scitex Corp. (Herzlia, Israel), effective Sept. 1. He will continue to advise Scitex through mid-year 2002. He has been appointed managing partner of Fantine Capital Europe One.

Chelouche was appointed president and CEO of Scitex Corp. in 1995, after having served in different executive management positions at the company since 1979.

"Through Yoav's tenure, Scitex transitioned from its historic digital preprint business to be focused on digital printing," comments Meir Shannie, chairman of the Scitex board of directors. "Scitex is recognized for its cutting-edge inkjet technologies and its group of companies covering a wide gamut of applications and solutions. The value in these assets will be recognized over time. Yoav has been invaluable in positioning Scitex and overseeing these major strategic steps."