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On Track Innovations Promotes Interim CFO, Assaf Cohen, to Permanent CFOROSH PINNA, Israel, Feb. 27, 2018 /PRNewswire/ -- On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), a global provider of near field communication (NFC) and cashless payment solutions, has promoted interim CFO, Assaf Cohen, to the permanent Chief Financial Officer position, effective immediately. Mr. Assaf Cohen has been serving in the role of Corporate Controller and deputy CFO at OTI since 2015, where he has been responsible for the finance departments of the company's subsidiaries worldwide. He has held increasing levels of responsibility throughout his nearly three years with the company and has proven his capabilities in the interim CFO role. Previously, Mr. Assaf Cohen was company controller at Samgal Ltd., and prior to that, served as Senior CPA at Ernst & Young. "Assaf has been a strong leader within our finance department and has consistently performed at a high level, while holding increasing roles of responsibility within our firm," said Shlomi Cohen, Chief Executive Officer of On Track Innovations. "With his extensive knowledge of our business model and robust skillset, we are confident that Assaf will play a key role in helping us achieve our goals. We look forward to leveraging his deep financial experience as we continue to grow our presence in the marketplace. I am proud to promote him to permanent CFO, where the company can best leverage his innovative thinking and vision to create long term value for shareholders." The current Chief Executive Officer, Shlomi Cohen, is not related to the new Chief Financial Officer, Assaf Cohen/span>. About On Track Innovations Ltd On Track Innovations (OTI) is a global leader in the design, manufacture, and sale of secure cashless payment solutions using contactless NFC technology with an extensive patent and IP portfolio. OTI's field-proven innovations have been deployed around the world to address cashless payment, automated retail, and petroleum markets. OTI distributes and supports its solutions through a global network of regional offices and alliances. OTI is the proud recipient of the 2017 AI Award for Best Cashless Payment Solutions Provider – Israel. For more information, visit www.otiglobal.com. Safe Harbor for Forward-Looking Statements Investor Relations: Greg Falesnik Media Contact: View original content:http://www.prnewswire.com/news-releases/on-track-innovations-promotes-interim-cfo-assaf-cohen-to-permanent-cfo-300604684.html SOURCE On Track Innovations Ltd. (OTI) |