Magal Security Systems Names Kobi Vinokur CFO

(RTTNews) - Magal Security Systems Ltd. (MAGS) announced that it has appointed Kobi Vinokur as Chief Financial Officer. Vinokur will replace Ilan Ovadia, who has been Magal's CFO since 2009. Vinokur is expected to replace Mr. Ovadia following a transition period.

Mr. Vinokur joins Magal following a successful career in finance leadership roles at various global organizations. Vinokur previously served for three years as Chief Financial Officer of Miya (Arison Group), a global provider of comprehensive water efficiency solutions and a water utilities operator. Prior to that,Vinokur served in several key leadership positions at Brink's Company (BCO), a global leader in cash logistics, including Chief Financial Officer - Developing Markets division, Director of Procurement - EMEA division and Director of Finance - Global Services division. Prior to his career with Brink's, Mr. Vinokur served as an Executive Director at Shapira Films, one of the leading film distribution and production companies in Israel, as well as a Head of Treasury at the Ministry of Defence of Israel.