Mr. Barry Stiefel is Appointed Chairman of Magal
YAHUD, Israel, February 4, 2013
YAHUD, Israel, February 4, 2013 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that the Board
of Directors has elected Mr. Barry Stiefel Chairman of the Board, effective
February 15, 2013. Mr. Stiefel will succeed Mr. Jacob Perry, following his
election to the Israeli Parliament.
Mr. Barry Stiefel has been a member of Magal's Board since November 2008. He
currently serves as Head of the Kirsh Family Office in London and has many
years of experience in various trade and financial firms as a CEO, financial
director and consultant.
Jacob Perry, Chairman of the Board of Magal S^3, commented: "Mr. Stiefel has
been closely involved with Magal over many years and is very familiar with its
business, its strategy and direction. The tightening of Magal's relationship
with its main shareholder, the Kirsh Group, is a sign of their confidence in
the company growth plans. I leave Magal at a time when its future is bright
and under strong leadership with a highly effective management team."
Mr. Stiefel, on behalf of theBoard of Directors thanks Mr. Jacob Perry for
his ten years of service and contribution and wishes him every success as a
member of the Israeli Parliament.
About Magal S^3
Magal S^3is a leading international provider of solutions and products for
physical and cyber security, safety and site management. Over the past 42
years, Magal S^3has delivered tailor-made solutions and turnkey projects to
hundreds of satisfied customers in over 80 countries in some of the world's
most demanding locations.
Magal S^3offers comprehensive integrated solutions for critical sites,
managed byFortis^4Gour 4th generation cuttingedgePhysical Security
Information Managementsystem (PSIM). The solutions leverage our broadest
portfolio of unique homegrownPerimeter Intrusion Detection Systems
(PIDS),advanced outdoorsCCTV/IVAtechnology and holisticCyber
For more information:
Magal S3 CCG Investor Relations
Eitan Livneh, CEO Ehud Helft/Kenny Green
Tel: +972-3-539-1421 Tel: (US) +1-646-201-9246
Assistant: Ms. Elisheva Almog Int'l dial: +972-3-607-4717
E-mail: email@example.com E-mail: firstname.lastname@example.org
SOURCE Magal Security Systems Ltd
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