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Magal Security Systems appoints two vice presidents

Staff writer |
Yahud, Israel - December 7, 2009, Yahud, Israel - Magal Security Systems Ltd. announced the appointment of Ilan Ovadia as its new senior vice president, chief financial officer and secretary, and Israel Shafir as its senior vice president of business development.

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Mr. Ovadia has more than 15 years of experience in financial management. Prior to his appointment at Magal, Mr. Ovadia served for four years as Executive VP, Chief Financial Officer and VP Human Resources of Haifa Chemicals Ltd., a world leading manufacturer and provider of a soluble fertilizers to modern intensive agriculture, as well as producer of food salts for the food industry. Mr. Ovadia also previously served as the CFO and VP of Operations of Elgo Irrigation Ltd., an Israeli public company with global operations which provides irrigation and fertilization products to the DIY market.

Prior to that, Mr. Ovadia served as Financial Manager of Shapir Marine and Civil Engineering Ltd., an infrastructure and contracting company, and as the Financial Manager of Hapach Metal Industries Ltd. a publicly traded Israeli industrial and contracting company. Mr. Ovadia is a Certified Public Accountant and has served as a Senior Portfolio Coordinator at PriceWaterhouseCoopers. Mr. Ovadia has a BA in Accounting and Economics and an MBA (magna cum laude), both from the Hebrew University in Jerusalem.

Mr. Shafir joined Magal in April 2009 as Product Marketing Manager of Command and Control Systems. Prior to his appointment at Magal, Mr. Shafir headed a 'Digital City' project, integrating multilayered data into a unified application which he developed. Before that Mr. Shafir was the Founder and CEO of 4DM Technologies Ltd., a company which developed a novel web application for Critical infrastructure Protection and Management, incorporating data and operational management modules for complex facilities.

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