2013-02-14 07:22:01 -
Bergen, Norway, February 14, 2013. Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd. today announced the appointment of Mr. Tomer Wald (38) as the new CFO
of the Company, effective as of February 15, 2013. Tomer has been with Vizrt
since 2007, initially in the position of Corporate Controller and over the past
two years as VP Finance. Tomer is a Certified Public Accountant (CPA) and holds
a B.A. in Accounting & Economics from Bar Ilan University, and a MBA, with a
major in finance, from Tel Aviv University. Tomer will join the corporate
management team and report to the CEO.
Martin Burkhalter, the CEO of Vizrt, stated: "I am
pleased to announce that we,
with Tomer Wald, will get a well-qualified and experienced professional as our
new CFO. Tomer will be a great addition to our corporate management team, and
the fact that he as been with Vizrt for the last 5 years guarantees for a smooth
transition and continuation of our operations."
After having served as Vizrt's CFO for almost twelve years, Ms. Ofra Brown has
chosen to change roles within the organization, seeking new professional
challenges. Ofra will take on the role as the Secretary and Officer for
Corporate Affairs and she will continue to be a member of the corporate
management team, reporting to the CEO.
"I am very pleased that Ofra has agreed to take on this new role. With Ofra's
wealth of experience and knowledge of all aspects of Vizrt's business, she will
continue to add great value in helping us reaching our ambitious growth targets.
Ofra will of course be pivotal in securing a seamless handover of her former
duties and responsibilities to the new CFO," commented Martin Burkhalter.
Investors and media contacts:
Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu@vizrt.com
Ofra Brown
CFO
+47 5351 8040
ofra@vizrt.com
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz@schwarzfinancial.com
About Vizrt:
Vizrt provides real-time 3D graphics and asset management tools for the
broadcast industry - from award-winning animations & maps to online publishing
tools. Vizrt's products are used by the world's leading broadcasters and
publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, ITN, ZDF, Star TV,
Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The
Telegraph, and Welt Online. Furthermore, many world-class production houses and
corporate institutions such as the Stock Exchanges in New York and London use
Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154.
For further information please refer to www.vizrt.com
Copyright © Vizrt. All rights reserved. This press release contains forward-
looking statements with respect to the business, financial condition and results
of operations of Vizrt and its affiliates. These statements are based on the
current expectations or beliefs of Vizrt's management and are subject to a
number of risks and uncertainties that could cause actual results or performance
of the Company to differ materially from those contemplated in such forward-
looking statements. These risks and uncertainties relate to changes in
technology and market requirements, the company's concentration on one industry,
decline in demand for the company's products and those of its affiliates,
inability to timely develop and introduce new technologies, products and
applications, and loss of market share and pressure on pricing resulting from
competition, which could cause the actual results or performance of the company
to differ materially from those contemplated in such forward-looking statements.
Vizrt undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vizrt Ltd. via Thomson Reuters ONE
[HUG#1678010]
