Chairman Amnon Yacoby: The company will continue implementing its turnaround plan.
Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) president and CEO Hezi Lapid resigned on Friday. He will stay in his position until a smooth transition is completed. The company did not announce a successor.
"The company intends to continue implementing its turnaround plan, which during the past year has been realized through the pending sale of its carrier licensed business to Telrad Networks, the sale of certain patents, and the refocus on being a pure play in high growth vertical and Wi-Fi markets," said Alvarion chairman Amnon Yacoby. "We expect to complete our turnaround successfully and put the company back on a growth trajectory."
Alvarion also announced the resignation of director Robin Hacke, effective immediately. Yacoby said, "On behalf of the board, I would like to thank Robin for her long time service and valuable contribution to the board's work."
Published by Globes [online], Israel business news - www.globes-online.com - on April 14, 2013
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