Modelity names new CEO and re-elects board of directors for 2009

Modelity Technologies Ltd. announced today that it has appointed Mr. Ayal Leibowitz as the company’s Chief Executive Officer, with immediate effect. Leibowitz, one of the founders of Modelity in 2000, succeeds Mr. Ido Freidlin, who managed Modelity since 2002.

“We thank Ido for the invaluable contribution he has made to Modelity over the past years.”said Tal Menipaz, Chairman.”We will continue to benefit from his advice and experience, as we look forward to building upon our past success under new leadership. Ayal has been the driving creative force behind Modelity since its inception, inspiring confidence in our shareholders and enthusiasm in our staff. We will not rest upon our already impressive performance, but instead constantly strive for even better results.”

“I thank Ido for his immense contribution to Modelity, without which we would not be where we are today.” said Ayal Leibowitz, CEO. “I also thank Modelity’s shareholders for giving me this opportunity to lead the company.”

Modelity also announced the composition of its Board of Directors for 2009. The following members will serve on the Board:

  • Tal Menipaz, Chairman
  • Ron Gutler
  • Eitan Madmon
  • Avi Ben-Moshe
  • Ran Izraeli

For detailed biographies, please refer to the Board of Directors page.

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