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SOURCE Energtek Inc.
-- Yoav Krill, with rich and extensive management record, nominated as CEO
-- CEO's main target - dealing with the US market
-- Lev Zaidenberg shall serve as President, heading the worldwide activities and the company's strategy
NEW YORK, Jan. 23, 2014 /PRNewswire/ -- Energtek Inc. (OTCBB: EGTK), a leader in hi-tech natural gas solutions and Adsorbed Natural Gas (ANG) technology, announced today a significant upgrade to its management team in order to deal with expanded activities.
The company announced that Mr. Yoav Krill, presently member of the Board of Directors, accepted to undertake an active role and to head the US activities.
Mr. Krill has a rich worldwide management record, having during the last decades concentrated his work in the United States.
During the last years Mr. Krill held key management positions in IDT Corp. and he served and serves as board member of several private companies and NGOs.
Previously he served as CEO of Teligent Inc, as President of Bezeq Globe Ltd, the subsidiary dealing with the global activities of (at that time) the almost only communication company in Israel, as Deputy Chairman and COO of "Kupat Holim" - the main Health Insurance Institution of Israel, as Vice President Marketing & Sales at Mercury Air Group, as Cargo Director Europe of "El Al" - Israel Airlines and additional management positions in this last company.
Mr. Krill holds an MSc in Industrial Engineering and Business Administration after completing a BSc in Industrial and Management Engineering, with additional studies in U.C. Berkeley - Airport Planning & Design and at the Harvard Business School - Managing Global Opportunities
The board of directors of Energtek has enlarged the duties of Mr. Zaidenberg as President of the company, requesting him to be in charge of determining the company's overall strategy, managing the worldwide operations, overseeing the senior management, the budgets and resource allocation and enhancing the relationship with the shareholders and the general public
"I'm extremely glad that Yoav Krill accepted our proposal to serve as CEO," said Mr. Zaidenberg. "Our activities are expanding and we need to reinforce our management. Yoav Krill is an outstanding addition. His wise view of the markets, his sharp commercial perception and his vast management experience, including logistic operations, are invaluable assets from which the company and its shareholders shall benefit," he added.
Energtek develops and applies innovative low-pressure mobile transportation solutions for industrial consumers and fleets of small vehicles. The company is also involved in oil and gas exploration in Israel. Energtek operates subsidiaries in North America, Europe and Asia. To learn more about Energtek, visit www.energtek.com
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of Energtek and its technologies. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and other matters set in Energtek's filings. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
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