#Israel #Petach Tikva #Eltek Ltd. #Eli Yaffe #Ron Freund

Leadership Change at Eltek Ltd.

In a notable shift within the executive leadership of Eltek Ltd., effective September 23, 2026, Eli Yaffe, the current Chief Executive Officer, will retire from his position after serving the company since July 2018. In a move reflecting continuity and stability, Ron Freund, the Chief Financial Officer since January 2022, has been appointed to succeed Yaffe as CEO. This transition comes at a crucial time as Eltek continues to solidify its standing in the high-quality printed circuit board industry.

Acknowledgment of Eli Yaffe's Contributions

Mr. Yaffe's tenure has been marked by significant achievements that have fortified Eltek's leadership in the high-end PCB market. During his eight years in charge, the company reached various milestones, underpinned by Yaffe's strategic vision and unwavering dedication. In acknowledgment of his substantial contributions, the Board has appointed him as a director of the company starting from March 8, 2027, ensuring that his extensive experience remains integral to Eltek's future.

Yitzhak Nissan, the Chairman of the Board, expressed the Board's gratitude for Yaffe's exceptional leadership, highlighting how he transformed Eltek into a more competitive and advanced organization. His efforts drove meaningful growth and undoubtedly positioned the firm for ongoing success.

Ron Freund: The New Face of Leadership

Ron Freund, aged 62, brings over 30 years of experience in financial management and corporate strategy to his new role. Prior to joining Eltek, Freund was the CFO of Ophir Tours Ltd., gaining valuable insights into financial operations that he will now apply to lead Eltek into its next phase of growth. The Board is confident that his deep understanding of the company and commitment will significantly impact Eltek's strategies and growth initiatives.

As a CPA, Freund possesses the financial acumen required to navigate the complexities of public company operations, particularly in an industry where technology is rapidly evolving. His appointment marks a strategic decision aimed at leveraging financial expertise to drive Eltek's innovative capabilities further.

The Vision Going Forward

Eltek has built its reputation as a leader in manufacturing high-quality printed circuit boards, which are crucial components in various electronic devices. The company specializes in complex, high-end PCBs, including HDI, multilayered, and flex-rigid boards, catering especially to sectors like defense, aerospace, and medical technology. With impending changes in leadership, the focus will be on enhancing technological advancements and exploring new market opportunities.

Freund’s appointment is expected to foster continuity while encouraging innovation and responsiveness to market dynamics. Under his guidance, Eltek is poised to tackle challenges with agility while maximizing the potential for growth in both domestic and international markets.

Conclusion

This leadership transition at Eltek represents a pivotal moment for the company as it seeks to maintain its competitive edge in a continuously evolving industry. With the strategic insight of Ron Freund at the helm, the company aims to enhance its operational efficiency and strengthen its foothold in high-quality PCB manufacturing. As Eltek looks to the future, it remains focused on its mission: "Innovation Across the Board"—a commitment to delivering cutting-edge solutions that meet the demands of today’s technological landscape.

For further updates, Eltek encourages interested parties to visit their website, where they provide insights into their products, services, and corporate activities.