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Magic Software Enterprises Ltd (MGIC.OQ)

MGIC.OQ on NASDAQ Stock Exchange Global Select Market

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13 Dec 2017
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Summary

Name Age Since Current Position

Guy Bernstein

48 2010 Chief Executive Officer, Director

Asaf Berenstin

38 2010 Chief Financial Officer

Yuval Baruch

47 Chief Executive Officer - Hermes Logistics

Udi Ertel

54 2013 President - Software Solutions division

Arik Faingold

37 President - Integration Solutions division

Eyal Pfeifel

45 Chief Technology Officer

Amit Birk

43 2004 Vice President of Mergers & Acquisitions, General Counsel, Secretary

Moshe Gez

53 Chief Executive Officer - Complete Business Solutions

Arik Kilman

61 President - AppBuilder Software Solutions division

Yacov Tsruya

44 Chief Executive Officer - Coretech Consulting Services and Fusion Solutions

Naamit Salomon

50 2003 Director

Itiel Efrat

50 2006 Independent External Director

Elan Penn

63 2005 Independent External Director

Yehezkel Zeira

70 2005 Independent Director

Biographies

Name Description

Guy Bernstein

Mr. Guy Bernstein, CPA, serves as Chief Executive Officer, Director of Magic Software Enterprises Ltd. He has served as chief executive officer since April 2010 and has served as a director of the company since January 2007. Mr. Bernstein served as the chairman of the board of directors from April 2008 to April 2010. Mr. Bernstein has served as the chief executive officer of Formula Systems, the parent company, since January 2008. From December 2006 to November 2010, Mr. Bernstein served as a director and the chief executive officer of Emblaze Ltd. or Emblaze, former controlling shareholder. Mr. Bernstein also serves as the chairman of the board of directors of Sapiens International Corporation N.V., or Sapiens, and is the chairman of the board of directors of Matrix IT Ltd., both of which are subsidiaries of Formula Systems. From April 2004 to December 2006, Mr. Bernstein served as the chief financial officer of Emblaze and he has served as a director of Emblaze since April 2004. Prior to that and from 1999, Mr. Bernstein served as the chief financial and operations officer. Prior to joining the company, Mr. Bernstein was at Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, where he acted as senior manager from 1994 to 1997. Mr. Bernstein holds a B.A. degree in accounting and economics from Tel Aviv University and is a certified public accountant (CPA) in Israel.

Asaf Berenstin

Mr. Asaf Berenstin is Chief Financial Officer of Magic Software Enterprises Ltd. Prior to that and from August 2008, Mr. Berenstin served as corporate controller. Prior to joining the company and from July 2007, Mr. Berenstin served as a controller at Gilat Satellite Networks Ltd. (NASDAQ: GILT). From October 2003 to July 2008, Mr. Berenstin was a certified public accountant at Kesselman & Kesselman, a member of PriceWaterhouseCooper. Mr. Berenstin holds a B.A. degree in accounting and economics and a MBA degree, both from Tel-Aviv University, and is a certified public accountant (CPA) in Israel.

Yuval Baruch

Mr. Yuval Baruch Chief Executive Officer - Hermes Logistics of Magic Software Enterprises Ltd., Mr. Baruch has also served as the chief executive officer of Pilat HR solutions since April 2013. Mr. Baruch was chief executive officer of J.R. Holdings & Development from November 2007 to January 2012. Mr. Baruch has served as an external director of Marix IT, a publicly traded company in Israel, since 2011. Between 2004 and 2008 Mr. Baruch launched, managed and divested a chain of fitness centers in Israel.

Udi Ertel

Mr. Udi Ertel serves as President - Software Solutions division at Magic Software Enterprises Ltd. Since joining the Company in 2004, he has held various management roles including CEO of Magic Israel, VP Global Services & Operations and VP Sales and Distribution. Today as a Senior Vice President, he is responsible for the Company’s global sales and business activities in the European, South African and Indian branches as well as the Company’s distribution channels in APAC, Eastern Europe and the Mediterranean basin. Prior to joining the Company, he served as the CEO of Complot(83) Ltd for nine years and held a variety of different management positions at other organizations. Mr. Ertel holds a BSc degree in Computer Science and Mathematics from the Tel Aviv University in Israel and has completed all coursework towards an MBA at the same university.

Arik Faingold

Mr. Arik Faingold is President - Integration Solutions division of Magic Software Enterprises Ltd., Mr. Faingold has served as chairman of Comm-IT Group since 2009. Mr. Faingold was General Manager of Open TV Israel, part of OpenTV Global, from 2003 to 2009. Mr. Faingold served as Co-founder and CTO of Betting Corp from 1999 to 2003.

Eyal Pfeifel

Mr. Eyal Pfeifel serves as Chief Technology Officer at Magic Software Enterprises Ltd. He is responsible for defining and implementing the Company’s technology vision and overall product offering. He comes to the Company with more than 20 years experience in planning and managing technology projects. Prior to joining the Company as CTO in 2009, he was CTO for Ai Research and Technologies, an Artificial Intelligence research project. He has served in executive positions in a diverse range of international hi-tech companies covering Internet, Consumer, Mobile, Enterprise and Reference software. Mr. Pfeifel has also previously worked at the Company’s Japan branch as Marketing General Manager from 1998 to 2000 and as Product Manager at the Company's headquarters from 1993 to 1998.

Amit Birk

Mr. Amit Birk serves as Vice President of Mergers & Acquisitions, General Counsel and Secretary at Magic Software Enterprises Ltd. Previously, he served as General Counsel and Secretary at the Company from 1999 until 2004. In that capacity, he focuses on the company’s world wide M&A strategy and the Company's legal team providing services in a number of business areas. Prior to joining the Company, he worked as an associate in Avital Dromi & Co., a Tel Aviv law firm. Mr. Birk is a practical engineer in computers and holds an L.L.B. degree from the University of Sheffield and an MBA from the Bar Ilan University in Israel.

Moshe Gez

Mr. Moshe Gez is Chief Executive Officer - Complete Business Solutions of Magic Software Enterprises Ltd., Gez is responsible for our ERP division. Mr. Gez founded Complete in July, 2001 and since October 2013 he has as Chairman of the Board of Complete. Before founding Complete, Mr. Gez served as V.P. professional services for our company. Mr. Gez was also the founder and manager of I.T.M, an Israeli software development and marketing company, during the period of March 1998 through March 2000. Between June 1987 and March 1998, Mr. Gez served in several positions in Afek Engineering consultancy, including as its CEO.

Arik Kilman

Mr. Arik Kilman is a President - AppBuilder Software Solutions division of Magic Software Enterprises Ltd., following our acquisition of AppBuilder Solutions Ltd. at which time he was named Chief Executive Officer of AppBuilder. Prior to joining our company, Mr. Kilman served as Chief Executive Officer of Bluephoenix Solutions Ltd., the former parent of AppBuilder from May 2003 to January 2009 and from April 2010 to December 2011.

Yacov Tsruya

Mr. Yacov Tsruya is Chief Executive Officer - Coretech Consulting Services and Fusion Solutions of Magic Software Enterprises Ltd., Mr. Tsaroya has also served as Chief Executive Officer of Fusion Solution LLC and Xsell Resources Inc. since our acquisition of these companies in 2010. Mr. Tsaroya holds a B.A. degree in Accounting and Finance from the College of Administration in Israel and is a certified public accountant (CPA) in Israel.

Naamit Salomon

Ms. Naamit Salomon is Director of Magic Software Enterprises Ltd. Since January 2010, Ms. Salomon has served as a partner in an investment company. Ms. Salomon serves as a director of Sapiens, which is part of the Formula group. Ms. Salomon served as the chief financial officer of Formula Systems from August 1997 until December 2009. From 1990 through August 1997, Ms. Salomon served as the controller of two privately held companies in the Formula group. Ms. Salomon holds a B.A. degree in economics and business administration from Ben Gurion University and an L.L.M. degree from Bar-Ilan University.

Itiel Efrat

Mr. Itiel Efrat serves as Independent External Director of Magic Software Enterprises Ltd. He is a member of audit committee. Mr. Efrat is the founder and has served as co-managing director of ERB Ltd., a financial consulting firm, since 1995. Mr. Efrat was also the founder and is a member of the board of directors of ESOP-Excellence Trust Company since 2004. Mr. Efrat is a certified public accountant (CPA) in Israel and holds a B.A. degree in accounting and economics from Tel-Aviv College of Management.

Elan Penn

Mr. Elan Penn has served as Independent External Director of Magic Software Enterprises Ltd. He is also Chairman of the Audit Committee of the Company. Mr. Penn was elected as an external director for a third three-year term expiring on October 10, 2014. Mr. Penn has served as chief executive officer and chairman of Penn Publishing Ltd., a private company based in Tel Aviv, Israel since 2001. From 2000 to 2001, Mr. Penn first served as Vice President of Finance and Administration of the Company from 1987 to 1991 and then again from 1992 to 1997. Mr. Penn served as chief executive officer of Sivan Computer Training Company Ltd. during the years 1998 through 2000. From 1992 to 2000, Mr. Penn served as vice president of finance and administration of Mashov Computers Ltd. Mr. Penn also serves as a director of Telcoor Telekom Ltd. Mr. Penn holds a Bachelor of Arts (B.A.) degree in economics from the Hebrew University of Jerusalem and a Doctorate in Philosophy (Ph.D.) in management science from the University of London.

Yehezkel Zeira

Mr. Yehezkel Zeira serves as an Independent Director of Magic Software Enterprises Ltd. He is a member of the audit committee. Mr. Zeira has served as an independent IT consultant since 2001. From 2000 to 2001, Mr. Zeira served as executive vice president international of Ness Technologies Inc., and from 1970 to 2000, Mr. Zeira served in various positions at Advanced Technology Ltd., including as chief executive officer which position he assumed in 1982. Mr. Zeira is also a lecturer at Ben Gurion University Faculty of Engineering. Mr. Zeira holds a B. Sc. degree in industrial engineering and an M. Sc. degree in operations research, both from the Technion - Israel Institute of Technology and has participated in the Harvard Business School program for management development.