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Meir Shannie Elected as Chairman of the Board of Scitex

Wednesday, February 28, 2001

Press release from the issuing company

HERZLIA, Israel, Feb. 27 -- Scitex Corporation Ltd. (Nasdaq: SCIX) (TASE: SCIX) announced that Mr. Meir Shannie, CEO and President of Clal Industries and Investments Ltd., was today appointed to the Board of Directors of Scitex Corporation Ltd. and elected Chairman of the Board. Mr. Shannie succeeds Mr. Rimon Ben-Shaoul, who has stepped down from the Scitex Board following his appointment as Co-Chairman and President of Koonras Technologies Ltd. Mr. Shannie commented: "I am delighted to accept the role as Chairman of Scitex at this exciting time in the Company's history and look forward to working closely with the Scitex management team. On behalf of all at Scitex, I want to take this opportunity to thank Mr. Ben-Shaoul for his contribution to the Company during his tenure as Chairman of the Board, and the major strategic steps overseen by him, including the merger of the Company's digital preprint business with Creo Products Inc."




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