Better Place appoints Alan Gelman as CFO

Gelman stepped down last month as Bezeq CFO and was previously Delek Group CFO.

Electric car infrastructure developer Better Place today announced that Alan Gelman has been appointed CFO. The company said that he will report to Better Place's new CEO Evan Thornley, as of January 1, 2013. Gelman stepped down last month as Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) CFO and Deputy CEO, a position he had held since 2008. In his new role, Gelman will oversee the companys financial strategy and management worldwide.

Better Place CEO Evan Thornley said, Alan is a seasoned veteran and his appointment is a central part of building the bench strength of our global management team. This is the natural next step for our company as we enter the next phase of growing our customer base and network footprint, while ensuring strong balance sheet discipline. We have a strong investor base that continues to take a long-term view on the transformational nature of Better Place, and Alans appointment is a key element of positioning the company for success.

Gelman has more than 30 years of finance and operational experience and a reputation for rigor in capital-intensive industries. Before Bezeq, Gelman was Delek Group Ltd. (TASE: DLEKG) CFO and Deputy CEO.

Gelman said, I am honored to be joining Better Place in its new phase and excited by the opportunities I see ahead of us. During the interview process, I naturally concluded my own due diligence and was impressed with the caliber of the people, the sophistication of the solution, and the tremendous upside of the business. The next stage of the companys growth will be increasingly customer and partner-centric, which positions Better Place at the heart of the global switch to electric transportation.

Published by Globes [online], Israel business news - - on November 1, 2012

Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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