RiT Names Dr. Vadim Leiderman as New CEO, Mr. Moti Hania as Deputy CEO

RiT Technologies' RITT Board of Directors today announced that the Company will undertake a number of strategic investments, including the recruitment of additional management team members, in order to grow the Company to a new level and to achieve its true potential. The Board of Directors has accepted the resignation of Mr. Eran Ayzik, the Company's CEO during its turnaround over the past two years, with thanks for his successful management efforts, and has appointed Dr. Vadim Leiderman to serve as its new President and CEO, effective immediately. In parallel, the Board has expanded the Company's management capabilities with the recruitment of a Deputy CEO, Mr. Moti Hania, and a CTO, Dr. Erez Ben Eshay.