RA'ANANA, Israel -- Retalix Ltd. announced today that the company's board of directors has approved the appointment of Ishay Davidi as chairman. Barry Shaked will continue to serve as the company's president and chief executive officer. Pursuant to the letter to shareholders from Shaked, filed with the Securities & Exchange Commission (SEC) on December 17, 2007, in which Shaked stated that the company planned to separate the roles of chairman and CEO by the end of 2008, the board appointed Davidi.
Davidi has served as a director of the company since March 2008. He is the founder and [image-nocss] CEO of each of FIMI IV 2007 Ltd., FIMI Opportunity 2005 Ltd, FIMI 2001 Ltd and First Israel Mezzanine Investors Ltd., the managing general partners of the partnerships constituting the FIMI Private Equity Funds. He also serves as a director at Tefron Ltd., Scope Metals Group Ltd., Inrom Industries Ltd., MDT Micro Diamond Technologies Ltd, Orian S.M. Ltd., Merhav-Ceramic and Building Materials Center Ltd., Ophir Optronics Ltd. and Bagir Group Ltd.
The directors also appointed Neomi Enoch as a member of the board. She is a consultant in the field of company betterment and recovery. From 2003 to 2006, she served as vice president of finance of Shufersal Ltd., a leading supermarket chain in Israel. From 1998 to 2003, she served as vice president of finance of Partner Communications Co. Ltd. From 1983 to 1998, she served as controller and vice president of finance of Mul-T-Lock Ltd. Enoch is a member of the board of Blue Square Real Estate Ltd., Solbar Industries Ltd., Keter Publishing House Ltd. and Arim Urban Development Ltd. From 2001 to 2003, she served as a member of the Estates Committee, a public committee appointed by Ministry of Justice. From 1999 to 2003, she served as a member of the Advisory Committee and Council to the Bank of Israel.
The appointments of Davidi and Enoch were recommended to the company by FIMI Private Equity Funds, which entered into a shareholders agreement with the company's founders, Shaked and Brian Cooper, on March 3, 2008.
Retalix is an independent provider of software solutions to retailers and distributors worldwide. Its solutions serve the needs of grocery chains, convenience and fuel retailers, food and consumer goods distributors and independent grocers. The company offers a portfolio of software applications that automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. The company's international headquarters is located in Ra'anana, Israel, and its American headquarters is located in Dallas.
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