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Scopus Video Networks appoints Yaron Simler as CEO to succeed David Mahlab, who becomes active chairman of the board
January 11, 2007
TEL AVIV -- Scopus Video Networks (NASDAQ: SCOP - News), a provider of digital video networking products, announces the appointment of Dr. Yaron Simler as Chief Executive Officer. The appointment is a part of a succession plan that was announced in the company's filings for its December 2005 IPO, and has been effective commencing January 1, 2007. Dr. Simler will continue to serve as a member of Scopus' Board of Directors.
Dr. Simler succeeds David Mahlab, who co-founded and led Scopus through its first decade. Mr. David Mahlab has been appointed as an active Chairman of the Board. Former Chairman, Yoel Gat, will remain a member of Scopus' Board of Directors.
"I am excited about Yaron's vision for Scopus and the industry and I am proud to know that he will be taking Scopus even higher and farther," said David Mahlab. "Yaron's immense knowledge and expertise in all aspects of the industry coupled with his acute business sense have enhanced Scopus America's growth. His intimate familiarity with the American and worldwide markets, makes him the right person to lead our team into the future."
"It has been a tremendous privilege to work alongside David," said Dr. Simler. "David has made immeasurable contributions to the company from its founding all the way through to it becoming publicly traded. He has positioned Scopus as a key provider of content delivery and processing solutions and created tremendous promise. I am honored to be chosen to lead the company after David and would like to thank him for his wonderful work. We are all looking forward to serving with him as our new Chairman."
Scopus Video Networks (Nasdaq: SCOP)
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