Camtek announces appointment of Roy Porat as CEO

MIGDAL HAEMEK, ISRAEL: Camtek Ltd announced the approval of changes in senior management. Roy Porat, who has been with the Company since 2001, serving in various positions in the United States and Asia, and for the past two years as General Manager of the company, is to succeed Rafi Amit as the company's CEO.

Amit will become Active Chairman of the Board of Directors. Yotam Stern, who has been Chairman of the Board, will step down from this position and will remain a member of the Board.

Amit, in his new position, will decrease his scope of work for the company from 100 percent to 75 percent of his time. The scope and level of Amit's responsibilities in his position as Active Chairman shall be set by the company's Board of Directors, but in general will include responsibility over strategic planning, acquisitions and strategic ventures and alliances, as well as overall direction of the Asian activity of the company.

Amit commented on Porat's appointment: "Since joining the company 10 years ago, Roy has accumulated a very extensive knowledge and expertise in all areas of Camtek's business; and, during his various positions in the company, he has demonstrated a strong vision and leadership that make him ideally suited to the position of Chief Executive Officer.

"Roy Porat has my unequivocal support, as well as that of the entire Board of Directors, and we wish him and the company every success in the future."