Nachum (Homi) Shamir Appointed President and CEO of Scitex

Press release from the issuing company

TEL AVIV, Israel, June 18 -- Scitex Corporation Ltd. announced today that Homi Shamir has been appointed to the position of President and CEO of Scitex Corporation replacing Mr. Yeoshua Agassi, effective June 30, 2003. Mr. Shamir, current President and CEO of Scitex Digital Printing Inc. (SDP), a wholly owned subsidiary of Scitex Corporation, will continue to serve in this capacity with SDP. The appointment of Mr. Shamir brings to the Scitex parent organization a global view of the graphic arts and data center markets, as well as hands-on experience and direct knowledge of customer applications and businesses Commenting on the appointment, Ami Erel, new Chairman of the Board, Scitex Corporation, stated: "Scitex is a leader in core inkjet digital printing technologies with Scitex Digital Printing and Scitex Vision as critical components of our strength and success. Both companies are poised to capture significant opportunities in their respective markets and require a business leader and strategic implementer who will move us to the forefront in the industries we serve. Mr. Shamir has a proven track record in accomplishing such goals and we are proud to elevate him to this new role." Mr. Shamir has a rich and varied 10-year history with Scitex Digital Printing having served as managing director of the Asia-Pacific and Japan region. In this role, he was responsible for positioning the company in the region as a leader in high-speed, variable information technology. Subsequently, Mr. Shamir was appointed President and CEO of Scitex Digital Printing where he led the company towards becoming the world's leading innovator and provider of ultra-high-speed, variable information with full- color digital printing. Mr. Shamir extends his leadership role beyond the company and is actively involved in industry associations, community, and academic boards with a special interest in educational excellence in science and technology. Shamir is a worldwide featured speaker and award recipient, the most recent one being the On Demand Pioneer Award in April 2003. "Scitex Vision, led by Dov Ofer, president and CEO, has positioned itself as an industry leader. Together with SDP, we present the market with the most advanced technologies in both variable data color and wide format inkjet printing," said Homi Shamir, president and CEO of Scitex Corporation. "Going forward, we strive to position Scitex as the powerhouse for inkjet technologies, and to leverage our core competencies. I am honored by the opportunity and look forward to leading the entire Scitex family." Mr. Shamir concluded: "I would like to take this opportunity to thank Mr. Agassi for his valuable contribution, leadership and experience throughout his nearly two years in service as President and CEO of Scitex Corporation, and to wish him all the best in the future."