On Track Innovations Ltd.
(oti) OTIV, a global provider of near field communication (NFC)
and cashless payment solutions, has initiated a search for a new CFO to
succeed Shay Tomer, who is planning to leave the company after nine years to
pursue other interests. Tomer will continue to serve as CFO until the
earlier of July 4, 2016 or until his successor is hired.
"We would like to thank Shay for his dedication and valuable contributions
to oti over the last nine years, as well as for assisting in a smooth
transition," said oti's CEO, Shlomi Cohen. "Since I joined the company last
year, Shay has been instrumental in effectively reducing expenses and
optimizing our cost structure. This has resulted in a leaner, more efficient
organization, and has set the stage for executing our new growth plan in
2016."
Tomer commented: "I want to express my continued support of oti and its
outlook for growth and expansion in global NFC and cashless payments
markets. I remain fully committed to oti as we pursue the transition to a
new CFO."
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