Gilat Satellite Networks Says CEO Erez Antebi Decides To Step Down

(RTTNews) - Gilat Satellite Networks (GILT, GILTF) Tuesday said Erez Antebi has decided to step down from the position of CEO of the company.

Dov Baharav, Gilat's Chairman of the Board, will assume the position of interim CEO until a new CEO is appointed.

The transition between Baharav and Antebi will take place during the second quarter of 2015. Baharav will remain Gilat's Chairman of the Board.

Baharav joined Gilat's Board of Directors and was appointed Chairman in May 2014. He previously served as Chairman of Israel Aerospace Industries and as President and Chief Executive Officer of Amdocs for eight years.

Erez Antebi said, "After many years in the company and 3 years as CEO, I'm happy to see its success and strong momentum going forward. I am proud of having led the company back to a profitable path and turning Gilat into a true global leader in its space. Though I have decided to look for my next opportunities, I will always remain committed to Gilat's success."