ELTEK LTD will appoint CFO Ron Freund as chief executive officer on September 23, with Eli Yaffe retiring from the role after continuing through the transition. The change matters to investors because Freund will retain the CFO position until a replacement is appointed, while Yaffe is due to become a director on March 8, 2027.

Key Highlights

  • Eli Yaffe is scheduled to become an ELTEK LTD director on March 8, 2027.
  • Ron Freund has served as ELTEK LTD’s chief financial officer since January 2022.
  • Yitzhak Nissan said the board expects Freund to contribute to the company’s strategy and growth opportunities.

ELTEK LTD (NASDAQ: ELTK) will appoint Chief Financial Officer Ron Freund as chief executive officer effective September 23, while Eli Yaffe retires from the position. Yaffe will remain CEO until that date to support an orderly handover, and Freund will retain the CFO role until a successor is appointed.

Freund Takes CEO Role on September 23

The board selected Freund, who has served as ELTEK LTD’s CFO since January 2022, to lead the company from September 23. He is also a licensed CPA in Israel.

Yaffe Moves to Board Role in 2027

Yaffe will retire as CEO after serving in the role since July 2018. The board resolved to appoint him as a director effective March 8, 2027, with that appointment continuing until the next annual general meeting. Chairman Yitzhak Nissan thanked Yaffe for his Leadership and said the board was pleased to appoint Freund. Nissan said Freund brings knowledge of ELTEK LTD and its operations, along with a commitment to the company’s continued success and growth opportunities.