4 February 2010, Misgav, Israel – Leading producer of
seamless intimate apparel and active wear Tefron, has announced the appointment
of industry veteran Amit Meridor to the position of CEO, effective 21 January 2010.
Meridor brings to Tefron 15 years of direct experience in the textile industry,
as well as executive managerial experience in business development, special
situations and turnaround programs, which Tefron’s board of directors believes
will contribute greatly to Tefron's new phase of growth and development.
Meridor gained his textile industry experience working for Nilit
Fibers Ltd, an Israeli manufacturer of high-quality yarn and fibres recognized
for its high standards of manufacturing and innovation. Serving in a broad
range of key managerial positions between 1990 and 2005, including the
management of manufacturing processes and sales, he worked closely with Tefron
and most other seamless producers around the world gaining valuable knowledge
of the sector.
Prior to his appointment at Tefron, Meridor served as CEO of
CMT Medical where he is said to have successfully executed a turnaround plan
for the company and facilitated the merger of CMT Medical with a large European
electronics and systems company.
"Tefron has a
strong international reputation for innovation on which I intend to capitalize
as we rebuild customer and investor confidence in our ability to deliver the
best products in the market. As part of the team, I look forward to leading the
Company's expanding sales and international diversification efforts and to
forging new relationships to expand Tefron's footprint in the industry,"
Meridor said today.
Meridor holds a B.SC in Industrial Engineering from the
Technion Israel Institute of Technology and an MBA from Tel Aviv University,
Israel.
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