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Scitex Names Dov Ofer to Succeed David Reis as CEO of Scitex Vision

Press release from the issuing company

TEL AVIV, Israel, Jan. 30 - Scitex has announced that Scitex Vision, its wholly-owned subsidiary that produces wide and super-wide format printers, has named Dov Ofer, Scitex Vision's Executive Vice President of Sales, Marketing and Business Development, to succeed David Reis as President and Chief Executive Officer of Scitex Vision. After completing six successful years as President and CEO of Scitex Vision, David Reis has decided to leave the company and join ImageID Ltd., as President and CEO. During his time at Scitex Vision, David lead the company from the start-up stage to over 90 million dollars in annual revenues while achieving constant high double digit growth year over year. Under his direction the company has become a global leader in the wide format printing market with a customer base in more than 52 countries worldwide. Yeoshua Agassi, President and CEO of Scitex Corporation Ltd. commented, "Under David Reis's leadership, the company has experienced impressive growth, established a global infrastructure, recruited high level management, acquired strategic assets and has introduced innovative products. We highly appreciate David's contribution and wish him much success in his new role.'' Dov Ofer has been with Scitex Vision for the past three years as Executive Vice President of Sales, Marketing and Business Development. Prior to joining Scitex Vision, Dov managed Matan Digital Printing, one of the pioneering companies in the super-wide format printing industry, whose super-wide format technology and operations were bought by Scitex Vision in 1998. Dov Ofer holds an MBA degree from UC Berkeley and a BA degree in economics from the Hebrew University in Jerusalem. Mr. Ofer commented: "David Reis is leaving a company in my hands, which has an excellent foundation and an organization with strong customer focus - the key to our future success. I am looking forward to continuing the company growth and success and to lead it through the challenging period we are facing in the global economy.''