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Nova restructures management


Nova Measuring Instruments Ltd. , a provider of standalone metrology and integrated metrology solutions to the semiconductor process control market, has announced that Gabi Seligsohn, Nova's President & CEO, has decided to step down from his position.

To take his place, the company's Board of Directors will promote Eitan Oppenhaim, Nova's Executive Vice President, to become President and Chief Executive Officer, effective July 31st, 2013.

Gabi Seligsohn's decision comes after 7 years as President & CEO. During that period Seligsohn headed a growth strategy which led to significant growth in the firm's net profitability and revenues. His vision and leadership has transformed Nova from a single product OEM company to a multiproduct leading edge solution provider.

With more than 15 years of corporate leadership and relevant industry experience at several prominent companies, Oppenhaim is currently the fompany's Executive Vice President of the Global Business Group, heading all of Nova's customer-facing activities.

"The past 15 years at Nova represent a most rewarding journey, both personally and professionally," says Seligsohn. "I am extremely proud of what we have accomplished during my seven-year tenure as President & CEO. Our achievements will serve as a strong foundation on which to build the future of this great company, and I believe this is the right time for me to step down. I am delighted that the Board has decided to accept my recommendation that Eitan take my place at the helm. Our company is performing extremely well; we have an excellent seasoned management team, leading edge systems and technology and, most importantly, we have wonderful people across the entire organization. Over the past several years, Eitan and I have worked closely to define a strategy for achieving the next big milestone, and I am confident in Eitan's ability to lead the company to the next level and beyond."

Michael Brunstein, Chairman of the Board at Nova, adds, "Gabi brought the company to its high level of performance and market leadership position and he will be greatly missed. On behalf of the entire board of directors, I want to say how much we appreciate the innumerable contributions he has made to Nova during his tenure. One of his most outstanding accomplishments has been to build a strong organisation with a passion for innovation, a sense of determination and a constant focus on excellence. The Board has decided to nominate Eitan Oppenhaim as Gabi's successor. Based on our experience working with Eitan over the last several years, we have every confidence that as President & CEO Eitan and the rest of the team will continue the excellent business and financial performance for which Nova has become known."

Prior to joining Nova in 2010, Eitan Oppenhaim served in executive positions with several technology companies including Alvarion, Orbotech and Comverse. In his last position before joining Nova, he was the Vice President and Europe General Manager for Alvarion. Before that he managed the overall business of Orbotech's FPD Division. His background also includes extensive experience working in Asia, where most of Nova's business is derived. He holds a BA in Economics and an MBA.

"It has been a privilege to work closely with Gabi during the past several years," says Oppenhaim. Together we defined an ambitious vision and we have been executing it day by day. I share Gabi's pride in what Nova's team and its management have accomplished, as well as his view that our greatest days are still ahead. I look forward to the opportunity of leading the company to new horizons."

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