Chip PC CEO post is revolving door

Gad Komet has left the firm after six months, twice the time of his predecessor.

The position of CEO at Chip PC Technologies Ltd. (TASE:CPPC) is apparently too hot to occupy for long. CEO Gad Komet is leaving less than six months after his appointment. He is the company's second CEO in under a year. His predecessor, Ilan Israeli - who resigned or was forced out depending on whom is asked - left in April 2007, after just three months in the job.

Chip PC went public in August 2007 and is currently traded at a market cap of NIS 90 million. Founder and chairwoman Ora Sofer is now serving as acting CEO. She says that the company is negotiating with a top executive in the industry. The company produces thin client computers and management software.

Published by Globes [online], Israel business news - www.globes-online.com - on January 31, 2008

© Copyright of Globes Publisher Itonut (1983) Ltd. 2008

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