August 10, 2006 – Nova Measuring Instruments Ltd., Rehovoth, Israel, said that its two cofounders and top execs have stepped down, amid a transition into a new phase of growth.
Cofounder and president/CEO Giora Dishon has stepped down, along with cofounder and CTO/VP of technology Moshe Finarov. Both will remain directors. Appointed as the new president and CEO is Gabi Seligsohn, who has served as EVP for Nova’s global business management group since 2005, and was formerly president of Nova’s US subsidiary. Prior to joining the company eight years ago, Seligsohn held sales positions at Digital Equipment Corp.
Under Giora’s leadership during the past 13 years, the company pioneered integrated metrology and built an extensive patent portfolio to become a market leader in the segment, noted Micha Brunstein, chairman of Nova’s board of directors. However, Dishon indicated a transition is needed to best capitalize on opportunities based on several new products and an expanded market reach via recent acquisition of HyperNex. Seligsohn added that Nova’s bookings have increased for six consecutive quarters.