ECtel Ltd. (NASDAQ: ECTX), a leading global provider of Integrated Revenue Managementâ„¢ (IRMâ„¢) solutions, has appointed Michael Neumann as the Company’s new Senior Vice President and Chief Financial Officer, commencing July 1, 2007. Michael will replace Ron Fainaro who will be working with him to facilitate a smooth transition and assumption of responsibilities.
Michael Neumann brings to the position significant management experience and a strong track record in the telecom industry.
Michael served for the past 12 years in various executive and managerial positions at Cellcom Israel Ltd., the leading Israeli cellular company. At the end of his tenure he served as Cellcom’s interim CFO. Prior to Cellcom, Michael served as finance manager at Fibronics, where he was responsible for the company’s worldwide financial activities.
He holds a B.Sc. in Economics and Management from the Technion-Israeli Institute of Technology.
Itzik Weinstein, ECtel’s President and CEO said, “We are very pleased to have an experienced executive such as Michael joining ECtel. In addition to professional expertise, Michael has vast experience within the telecom industry which ECtel is addressing. Michael’s combined knowledge makes him a valuable player in ECtel’s executive management team. I look forward to working with Michael to pursue ECtel’s growth and success.”
About ECtel
ECtel (NASDAQ: ECTX) is a leading global provider of Integrated Revenue Management™ (IRM™) solutions for communications service providers. A pioneering market leader for over 15 years, ECtel offers carrier-grade solutions that enable wireline, wireless, converged and next-generation operators to fully manage their revenue and cost processes. ECtel IRM™ Product Framework features the world-leading fraud and revenue assurance products, FraudView® and RAP, that minimize operator revenue leakage across networks and operations support systems (OSSs). For more information, visit www.ectel.com