Yiftah Ron Tal is the Chairman of the Board of Directors and has held this position since October 2010. Mr. Ron Tal holds an LLB from the Faculty of Law — Hebrew University of Jerusalem and is a member of the Israel Bar. Mr. Ron Tal also holds an Executive MBA from Bar-Ilan University. Mr. Ron Tal served as Chairman of the Board of Israel Ports Development and Assets Company (I.P.C) from 2007 to 2010 and currently serves as a director on I.P.C’s board of directors. Mr. Ron-Tal currently serves on the board of directors of Maccabi-Dent Ltd. From 2006 to 2010, he served as CEO and Chairman of R-Ticam Ltd— Investment and Consultancy Management. From 2001 to 2005, Mr. Ron Tal served as Commander of the IDF Ground Forces. Mr. Ron-Tal retired with the rank of Major General and serves in the IDF Reserves.
Dr. Ziv Reich has been serving as an external director of the Company since December 2009. Dr. Reich has a PhD in Business Administration from Warnborough University London, MA specializing in Internal Auditing from Bar-Ilan University and B.A. in management and accounting from The College of Management Academic Studies and is a Certified Public Accountant. Dr. Reich has been the Dean of School of Insurance in Netanya Academic College since 2007 and Head of the Accounting Fields in Netanya Academic College since 2004 and the Open University Center in Ramla since 2006. Dr. Reich was a member of the consulting committees for supervision of finance companies in the Minister of Finance Office. He was a member of the Board in the Company of the Development Sites (2007 to 2009), a member of the Board and Chairman of the Finance Committee in the Government Tourism Company (2004 to 2007) and was a member of the Consulting Committee for Regulation in the Israeli Securities Authority. Dr. Reich was appointed as President of the Institute of Internal Auditors (Israel) on January 2, 2011.
Gideon Frank has been serving as a director of the Company and has held this position since
January 2010. Mr. Frank has been involved in research and development for the Government and the business sectors, management and international nuclear policy and non-proliferation issues. Mr. Frank has a BSc in Mechanical Engineering and an MSc in Nuclear Sciences from the Technion, Israel Institute of Technology. After joining the Israel Atomic Energy Commission, he became the Director of the Research Reactor in the Soreq Nuclear Research Center (1970), afterwards assumed the position of Deputy General Manager for Engineering and Technology of the Soreq Center and from 1982 served as the General Manager of the Center. Since 1990 he served in the Israel Atomic Energy Commission (the ‘‘IAEC’’) first as the Deputy Director General and from 1993 until September 2007 as the Director General of the IAEC. Mr. Frank’s international experience includes designation as an Inspector in the Department of Safeguards at the International Atomic Energy Agency, Vienna; appointment as the Scientific Counselor to the Israel Embassy in Washington; participating in different expert forums and representing Israel as head of delegation in international conferences. Mr. Frank is currently the Vice Chair of the Board of the Israel Atomic Energy Commission. Mr. Frank is Member of the Governing Council, Van-Leer Group Foundation and Chairman of the Board of Crecor (wholly-owned by Van Leer Group Foundation).
Arie Rapoport has been serving as an external director of the Company since August 2011. Mr. Rapoport graduated the Tel Aviv University with a BA in economics and accounting. Mr. Rapoport is a certified public accountant and has been an independent certified public accountant since 1981, specializing in consulting in the fields of financing, business valuations, mergers and acquisitions in Israel and overseas. Mr. Rapoport is the chairman of the Ethics Committee of the Institute of Certified Public Accountants in Israel and serves as a director of several companies and nonprofit organizations in Israel and overseas.
Yaffa Vigodsky has been serving as a director of the Company since February 2007 and was reappointed in 2010 and 2011. Mrs. Vigodsky holds a B.A. and M.A. in educational management from Tel-Aviv University. From 1985 to 1995, she was vice-general manager in the College of Management Academic Studies. Between 1995 and 2003, Ms. Vigodsky served as the head of Scientific & Technical Administration in the Ministry of Education, leading the national computerizing program. From 2003 to 2011, Mrs. Vigodsky was the director general of the Israeli Educational Television. Mrs. Vigodsky is a member of The National Technology Committee. Mrs. Vigodsky is the Chairwomen of the Fund for Workers in Grueling Professions. Mrs. Vigodsky serves also as a director in the following boards: AMAL, network of science and technology school, Bet Tzvi, the school of acting, children and youth theatre, ILA — Israeli Association for Science and Technology, the Israeli Ballet and Suzan Dalal.
Vered Itzhaki-Ben Shimon has been serving as a director of the Company since May 2011. Ms. Vered Itzhaki-Ben Shimon is the CEO of the Prico Management Company and has held this position since 2006. The Prico Group specializes in foreign exchange markets, interest rates, commodity markets, bond lending, investments in hedge funds, and alternative fund markets. Ms. Itzhaki-Ben Shimon’s expertise is in the field of risk management and preparing position papers for analyzing financial exposures in the balance sheet-accounting sphere (and in accordance with the reporting regulations of accounting standardization), and in the operative-cash flow field for Israel’s leading companies. Ms Itzhaki-Ben Shimon also provides ongoing consultation for preparing and composing credit portfolios. Her work involves sensitivity analysis in accordance with the IFRS and US GAAP standards. Ms. Itzhaki-Ben Shimon served as Vice CEO of the Prico Group from 2000 to 2005 and as a dealer and chief analyst at Prico Management from 1994 to 1999. Ms. Itzhaki-Ben Shimon received her license for portfolio management and investment consulting - from the Israeli Securities Authority in 2003, her M.A. in business economics form Bar Ilan University in 1998 and her B.A. in economics and business administration from Bar Ilan University in 1995. Ms Itzhaki-Ben Shimon’s activities also include participating and consulting at board of director meetings and financial committees.
Dr. Vered Vivi Ziv has been serving as a director of the Company since August 2011. Dr. Ziv holds PhD and MSc degrees in chemistry from the Weizmann Institute of Science, an MBA from the Bar-Ilan University and a BSc from the Technion, Israel’s Technological Institute. Over the past 16 years, Dr. Ziv held senior executive managerial roles in Israel’s life science industry, such as CEO of Intellect Neurosciences (Israel) LTD. (2005 to 2007), Vice President of Radiopharmacy at Soreq Nuclear Research Center (2008 to 2010) and is currently Vice President for Development, Regulatory and Clinical of Micromedic Technologies Ltd. (2010 to present), a publicly traded company. For the past seven years Dr. Ziv has been serving on the Board of Directors of Mekorot, Israel’s national water company, where she also serves as the Chair of the Audit Committee. Previously, Dr. Ziv served on the Board of Directors of Mekorot Development and Enterprise.
Mordechai (Mouki) Ben-Ami has been serving as a director of the Company since February 2012. Mr. Ben-Ami has been an employee of the Israel Electric Corporation Ltd and serves as the Coordinator of the company's operation budget and head of the work team with respect to management of budgetary control. Mr. Ben-Ami holds a B.A. in Economics (business administration orientation) from Haifa University, and a diploma in business administration for hi-tech industries from Haifa University. He is a director of "Mahog" – Administrator of pension fund for the employees of the Israel Electric Corporation Ltd since 2009. Mr. Ben-Ami is a member of Zevulun regional council since 2007, and the head of its tender committee.
Varda Samet has been serving as a director of the company since 2012.
Mrs. Samet has been serving as a Judge in the Tel Aviv Labor Court during the years 1995-2011.
Mrs. Samet holds B.Sc. at Biochemistry and Microbiology from the Hebrew University in Jerusalem, holds M.Sc.at Biochemistry from the Tel Aviv University,
and also holds L.L.B. from Tel-Aviv University.
Ophir Bashan was appointed to the IEC Board of Directors in October 2012. Mr. Bashan holds a BSc. in Industrial Engineering and Management (2001), a MSc. in Business and Finance (2005), and is currently studying for his PhD. in Economics. He held the position of Manager of Infrastructure and Logistics at Orbotech (2000-2005). As of 2007 and up to date, Mr. Bashan is a Businessman. He worked as a consultant for the Ministry of Industry (2009). As of 2011 and up to date, he holds the position of Senior VP and COO at Talyam Company, Proactive Management and Engineering Projects, Ltd.; and has been serving as a director at the Israel Military Industries. Mr. Bashan also held the position of director at Israeli Assets/MI-Holdings (2010-2012). He was a board member and association director of ATALEF (Navy Seals).