Israeli advertising software developer Adgorithms Ltd (LON:ADGO), which in June had its AIM listing, today announced it will be seeking shareholders’ approval to appoint Barak Salomon and Ofir Gomeh as external directors and independent non-executive directors of the company.
The shareholders will have their say at an Extraordinary General Meeting (EGM), scheduled for Monday, 7 September 2015.
The Israeli Companies Law demands that Adgorithms appoints at least two external directors within three months of its admission to AIM, which occurred on June 11, 2015.
The nomination committee has identified Barak Salomon and Ofir Gomeh as suitable external directors and has recommended their appointment to the Board of Directors. Both Barak Salomon and Ofir Gomeh have agreed to be appointed as independent non-executive director and external director of the company.
Barak Salomon has extensive background in private equity investments in the technology and industrial sectors. Mr Salomon is a Partner at Q3P, an investment group focusing in industrial investments, and serves as board member at Friedrich Plastic Industries Ltd, a manufacturer of plastic moulds and plastic parts. Previously, he served at Viola Private Equity, a technology growth capital and buyout fund. Before that he worked in the Technology group of Apax Partners in Israel.
Ofir Gomeh has been a certified public accountant in Israel for the past 15 years. At present he serves as the CEO of Clal Sun, the renewable energy arm of Clal Industries. Prior to Clal Sun, Mr Gomeh was the CFO of Rafael Development Company (RDC). He has also held positions in the finance department of NASDAQ-listed Elron Electronic Industries, as well as at KPMG.
To view the official announcement about the meeting, click here.