New CFO for Amiad Water Systems

Amiad Water Systems, which recently changed its name from Amiad Filtration Systems, announced on 20 September 2011 the appointment of Amir Harel as chief financial officer with effect from 3 October 2011, replacing Rivka Kalmanzon.

Harel joins Amiad from InSightec Ltd, where he has held the positions of vice president and chief financial officer since August 2005. He has over 17 years of capital markets experience with several Israeli and international companies, working for both private and public businesses.

During his career, he has been responsible for a broad range of activities, including planning and executing significant financial transactions such as a US$ 1.5 billion project to build a new semiconductor facility whilst serving as vice president and chief financial officer of Tower Semiconductor Ltd.