Netafim Ltd. today announces the appointment of Rudolf Weber as Chairman of the Board
Tel Aviv, 1 April 2012 – Netafim Ltd. today announces the appointment of Rudolf Weber as Chairman of the Board. Weber brings over 30 years of industry experience and is a renowned manager globally.
Prior to joining Netafim, Weber spent almost 15 years as CEO at Hoval-Group, Sauter AG and Kaba AG, all Switzerland based industrial groups with very international business operations. The 61 year old manager is mandated as Member of the Supervisory Board at Elma AG, Enics AG and Vitrashop AG.
Weber, born in Zurich, Switzerland, is replacing Israel Makov, who stepped down as Chairman when the company was purchased by the Permira Funds last December, and attorney Doni Toledano, who was appointed temporary Chairman.
Igal Aisenberg, Netafim President and CEO said: “It is a privilege to have Rudolf Weber as our new chairman of the board in our team. I personally believe that his industry experience and global network constitute a great opportunity for Netafim.”
Commenting on the appointment, Dr. Jörg Rockenhäuser, Board member and Head of Germany at Permira, said: “We are delighted to welcome Rudolf Weber. He offers a deep knowledge about how to grow global businesses and brings global contacts which will be invaluable to Netafim in driving its international expansion plans.
Rudolf Weber added: “I’m proud to be joining Netafim. I look forward to working with the management team on finding sustainable growth opportunities and to further strengthen Netafim’s market position as a global market maker.”
Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth.
Founded in 1985, the firm advises funds with a total committed capital of approximately €20 billion. Over the past 26 years the Permira funds have made nearly 200 private equity investments with a focus on driving transformation to build better businesses.
Permira specialises in five key sectors: Consumer, Financial Services, Healthcare, Industrials and TMT. The Permira funds’ portfolio currently comprises 23 companies.
The Permira funds have a long track record of investing in the industrials sector which represents 20% of total capital deployed since 2001. Recent industrials investments have included: Aearo, Jet Aviation, Provimi, Cognis, Arysta LifeScience and BakerCorp.
Permira employs over 120 professionals based in Frankfurt, Guernsey, Hong Kong, London, Luxembourg, Madrid, Menlo Park, Milan, New York, Paris, Stockholm and Tokyo.
Permira endorses the ILPA Private Equity Principles.
For more information visit: www.permira.com