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On Track Innovations Ltd (OTIV.OQ)

OTIV.OQ on NASDAQ Stock Exchange Capital Market

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15 Dec 2017
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Summary

Name Age Since Current Position

James Medford

65 2017 Independent Chairman of the Board

Shlomi Cohen

2015 Chief Executive Officer

Assaf Cohen

33 2017 Interim Chief Financial Officer

David Azoulay

48 2005 Chief Operating Officer

Shlomi Eytan

2013 Chief Sales and Marketing Officer

Larry Susman

51 2017 Vice President - Sales

Amir Eilam

34 2012 Vice President – Research and Development

Nehemya Itay

64 1995 Vice President - Hardware Engineering

Dilip Singh

69 2017 Director

William Anderson

2015 Independent Director

John Knapp

61 2012 Independent Director

Eileen Segall

34 2012 Independent Director

Michael Soluri

45 2017 Independent Director

Biographies

Name Description

James Medford

Mr. James Scott Medford is Independent Chairman of the Board of the company. has over 35 years of experience in the fields of AIDC (automatic identification and data capture), encompassing early introduction to bar coding, wireless technology, speech recognition and RFID (Radio-Frequency Identification). From 1990 to 2006, Mr. Medford served as a Vice President at Intermec Technologies, where he developed various departments. During 2006, Mr. Medford was a partner at Genesta Partnership, which designs and deploys systems in manufacturing and logistics, where he also managed projects for Fortune 100 companies. From 2008 to 2015, Mr. Medford served as a Senior Vice President of Sales at Impinj, a manufacturer of RFID integrated circuits, devices and software. Most recently, Mr. Medford served as Chief Sales Officer at Invengo International Pte Ltd., a leading provider of RFID technology and solutions, focused on growing the American and European markets, mainly in the retail segments. Mr. Medford currently provides consulting services to numerous high tech solution companies and investment firms, and serves as Chairman of LMC, Ltd, a UK based company providing solutions to the international rail and transportation industry.

Shlomi Cohen

Mr. Shlomi Cohen has been appointed as Chief Executive Officer of the Company. As oti's new CEO, Cohen will apply his more than 25 years of experience managing global organizations to advance the sales of oti's cashless payment solutions. He will oversee all of the company's sales and marketing activities, as well as focus on developing strategic channel partnerships around the globe. In addition, Cohen will also focus on maximizing the value of oti's non-core assets, including intellectual property, as well as continue to pursue meaningful non-employee-related cost cutting and differentiation of oti's technology and solutions. Prior to joining oti, Cohen served as president and CEO of RayV, a leading developer of online video-streaming solutions, which was successfully acquired by Yahoo! last year. Prior to RayV, Cohen was president of Europe, the Middle East and Africa (EMEA) for NICE Systems, a publicly traded billion-dollar software company. He previously held sales positions with a number of leading technology companies, including Nokia, Siemens, BATM Advanced Communications and Eldor Computers. Cohen earned his MBA with an emphasis in marketing from Bar-Ilan University, and a BSc in mechanical engineering from Tel Aviv University.

Assaf Cohen

Mr. Assaf Cohen is Interim Chief Financial Officer of the company. He was appointed as the registrant’s controller and deputy Chief Financial Officer in July 2015, and has overseen the registrant's finance department in this capacity. Prior to joining the registrant, Mr. Cohen was a controller at a private company, Samgal Ltd., for a year and a half and prior to that he was a senior accountant at Ernst and Young beginning 2010. Mr. Cohen received a B.A. in economics and accounting from the Haifa University, and he is a Certified Public Accountant in Israel.

David Azoulay

Mr. David Azoulay has served as Chief Operating Officer at On Track Innovations Ltd. since January 2005. Between 1989 and 2004, Mr. Azoulay has worked at U.S.R. Electronic System, starting in the position of Production Manager and advancing to Logistics Manager. Mr. Azoulay holds a B.A. in Industrial Management and an MBA, both from University of Derby.

Shlomi Eytan

Mr. Shlomi Eytan is Chief Sales and Marketing Officer of On Track Innovations Ltd. Prior to joining OTI, Eytan was vice president of sales for NICE Systems, a publically-traded multi-million dollar software company, focused on the Middle East and Africa, as well as Eastern Europe markets. Eytan was instrumental in exceeding NICE System's sales goals for the EMEA region. Eytan earned a Masters of Business Administration, with an emphasis in Information Systems, and Bachelor of Business Administration in Management Information Systems from the College of Management School in Israel.

Larry Susman

Mr. Larry Susman serves as Vice President - Sales of the Company. Larry brings a wealth of industry experience having spent several years at Retalix, which was acquired by NCR, and other retail technology companies where Larry was instrumental in acquiring numerous large corporate accounts.

Amir Eilam

Mr. Amir Eilam serves as Vice President – Research and Development of On Track Innovations Ltd. He has served as Vice President of Research and Development since February 2012. Mr. Eilam has been with OTI since 2005, acting first as embedded software engineer, and then as manager of the Firmware and Petroleum departments. Mr. Eilam specializes in OS design for company’s embedded products. He holds a B.Sc. in Electronics Engineering from Ort Brauda College of engineering in Israel.

Nehemya Itay

Mr. Nehemya Itay has served as Vice President - Hardware Engineering of On Track Innovations Ltd since July 1995. From 1990 to July 1995, he was employed by the Company as a research and development engineer. He served as a Director from 1991 to July 1999. Mr. Itay is a Member of the Joint Task Committee of the International Standards Organisation on standards for contactless smart cards. Prior to joining the Company, Mr. Itay was a hardware development engineer at Electo-Galil, an Israeli manufacturer of radio frequency-based identification cards, from 1986 to 1990. From 1982 to 1985, he was a Hardware Electronic Engineer at Elscint, an Israeli technology company. Mr. Itay holds a B.Sc. in Electrical Engineering from The Technion (Israeli Institute of Technology) and an M.A. in Electronics from Drexel University, Philadelphia.

Dilip Singh

Mr. Dilip Singh is Director of Company. He served as Independent Director of On Track Innovations Ltd. He has served as a director since December 30, 2012. Mr. Singh has 40 plus years of operational executive management and board experience with global Fortune 500 telecom carriers, entrepreneurial start-ups and early stage telecom software companies, network equipment providers and a venture capital firm. Mr. Singh currently serves as a director of Concurrent Computer Corporation, a video solutions and real-time products company. Mr. Singh recently served as the CEO, President and a director of InfuSystem Holdings Inc., a healthcare service company. Previously, Mr. Singh served as the CEO and a director of MRV Communications, communication equipment and Services Company, and CEO of Telia-Sonera Spice Nepal. He also served as President and Chief Executive Officer of Telenity, Inc., a convergence applications, service delivery platform and value added services telecom Software Company, and president of NewNet, a telecom infrastructure software startup, which was acquired by ADC Telecommunications Inc. where he served as the president of ADC’s software systems division. Prior, Mr. Singh was Executive Chairman of IntelliNet and an entrepreneur in residence with MC Venture Partners. Prior, Mr. Singh was an executive director at Sprint Corporation, where he directed strategic planning and development of intelligent network infrastructure services. Prior to Sprint, he co-founded United Database Corporation, a start-up that led the introduction of yellow pages in three metropolitan cities in India. Mr. Singh began his career as an executive telecommunication consultant with AlcatelLucent switching systems division in the United States, England, Germany and Italy for over 10 years. Mr. Singh earned a Master’s Degree in Electronics and Electrical Communication Engineering from the Indian Institute of Technology and a Master’s of Science in Physics from the University of Jodhpur.

William Anderson

Mr. William Carl Anderson, III, is an Independent Director of the Company. Mr. Anderson is the founder and chief executive officer of AmpThink LLC, a wireless solutions company focused on building large, complex, wireless networks employing different technologies including low and high frequency RFID, wireless bridging, WiFi, near field communications and Bluetooth. AmpThink has led the delivery of networks for major events, including the last three Super Bowls and other major sports events. Prior to AmpThink, Mr. Anderson was co-founder and chief technology officer (CTO) of Genesta, a wireless systems integrator specializing in the design and deployment of warehouse automation systems. As CTO of Genesta, Mr. Anderson helped create solutions for major clients that included Con Edison, Frito-Lay, and Sara Lee. Mr. Anderson holds a degree in Economics and Philosophy from Boston College and a Master’s degree in Management Science from The State University of New York.

John Knapp

Mr. John Knapp serves as Independent Director of On Track Innovations Ltd. He has served as a director since December 30, 2012. Mr. Knapp has been the President and principal shareholder of Andover Group, Inc. since 1978. Andover’s two main business lines are real estate development and investment management. In October 2005, Mr. Knapp became CEO of ICO, Inc. (NASDAQ: ICOC) and served in that capacity, as well as a Director, until April 2010, when ICO was acquired by A. Schulman, Inc. (NASDAQ: SHLM). During Mr. Knapp's tenure as CEO of ICO. Mr. Knapp is a CFA and serves as a partner of CCM Opportunistic Partners, an investment fund that invests with emerging managers. Mr. Knapp has served as a trustee of Annunciation Orthodox School in Houston, and is currently a trustee of the Armand Bayou Nature Center. Mr. Knapp is an honors graduate of Williams College.

Eileen Segall

Ms. Eileen Segall is Independent Director of On Track Innovations Ltd. She has served as a director since December 30, 2012. Ms. Segall is the Founder and General Partner of Tildenrow Partners, LP, a private investment partnership, and sole managing member of Tildenrow Advisors, LLC, New York, New York, an investment advisory firm (2006 to present). Ms. Segall is a value investor with more than twelve years of professional experience analyzing companies from a financial and corporate strategic perspective. Previously, from 2003 to 2006, Ms. Segall was an assistant Portfolio Manager and Director of Research at Nicusa Capital Partners, LP. Prior to portfolio management, from 2000 to 2002, Ms. Segall covered publicly traded equities in the Telecommunications Equipment industry as an equity Research Associate at Robertson Stephens, Inc. investment bank. Ms. Segall holds a B.S. in Materials Science and Engineering from the Massachusetts Institute of Technology (M.I.T.) (2000).

Michael Soluri

Mr. Michael Soluri is Independent Director of the company. He is a technology sales executive with expertise in global direct IT sales within the finance, manufacturing and retail industries and the Internet of Things field. From 1993 to 1995, Mr. Soluri served as the Sales Director of Ameriquest Technologies, a company digitizing existing processes. From 1995 to 1997, Mr. Soluri served as the Executive Sales Director of Siemens Data Communications, where he focused on smart switching technologies and intelligent data hub markets. From 1998 to 2015, Mr. Soluri served as the Executive Manager, Global Client Services at the Imaging, Software and Solutions Division of Lexmark International, and he currently serves as the Chief Revenue Office and Vice President of EDM Group that focuses on information management for organizations.