Telit Adds Two Members to its Board of Directors

LONDON, March 5, 2018 /PRNewswire/ -- Telit Communications PLC ("Telit", "the Group", AIM: TCM), a global enabler of the Internet of Things (IoT), today announced that Miriam Greenwood OBE DL and Shlomo (Momo) Liran has been appointed to the company's board of directors as non-executive directors, effective immediately.  It's also noted that Miriam will Chair the Group's Remuneration committee.

Miriam brings extensive financial experience as a qualified Barrister who spent more than 30 years working for a number of leading banks and financial institutions. With four partners she established SPARK Advisory Partners six years ago, as an independent corporate advisory business. She is a non-executive director of SMS plc, Mithras Investment Trust PLC and Eclipse Shipping Limited.

Shlomo has been Chief Executive of numerous businesses, most notably Ericsson Israel and the Swedish and Danish mobile operator TRE. He is currently an independent director of NASDAQ-listed microwave-based telecommunication equipment, Ceragon Networks and an external (independent) director of Tel Aviv-listed infrastructure and civil-works business, Minrav Holdings.

"We are pleased to welcome Miriam and Shlomo to our board," said Richard Kilsby, Chairman of Telit.  "These appointments complete the Board's transformation while enhancing its capabilities via Miram's financial markets experience and Shlomo's telecom expertise."

Kilsby continued, "Adding Miriam and Shlomo to the Board further validates our commitment to applying the highest standards of corporate governance and transparency across the Group while ensuring the reporting and controls are appropriate for this very complex business."

The Group intends to hold its general meeting in May 2018 and expects that the following directors will be proposed for re-election, and the Board will be comprised of five non-executives (one of which is the Chairman) and two executive directors: Yariv Dafna, Simon Duffy, Yosi Fait, Miriam Greenwood, Richard Kilsby, Shlomo Liran and Lars Reger.

Visit Telit's Investors Relations page: https://www.telit.com/about/investor-relations/.

About Telit
Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement connecting the world from the inside out. The company offers the industry's broadest portfolio of integrated products and services for IoT deployments – including cellular communication modules in all technologies, GNSS, Wi-Fi, short-to-long range wireless modules, IoT connectivity plans and IoT platform services. Through the IoT Portal, Telit makes IoT onboarding easy, reduces risk, time to market, complexity and costs for asset tracking, remote monitoring and control, telematics, industrial automation and others, across many industries and vertical markets worldwide.

Copyright © 2018 Telit Communications PLC. All rights reserved. Telit and all associated logos are trademarks of Telit Communications PLC in the United States and other countries. Other names used herein may be trademarks of their respective owners.

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SOURCE Telit

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