Pelmar appoints two CEOs

RAMAT HASHARON, Israel—Pelmar Engineering Group has appointed Eldad Eilam and Dana Broder as co-CEOs, replacing J. Anglister.

Anglister has led the company since January 2014 and will continue as a member of the board of directors.

Hagai Peled, who was CEO for six years prior to Anglister's joining the company, will also continue to be a board member and special sales and marking advisor, Pelmar said in a June 1 release.

Eilam has international management experience and a track record of achieving profitable results. He started with the Pelmar Group as its technical manager and then technical director eight years ago.

Broder has 20 years' experience as CFO and finance director at international, public and private companies. She has experience in managing global companies in Israel and abroad, mainly managing merger and acquisition activities.

The new management's strategy, said Pelmar, is to develop the group's international base and supply of rebuilt and new machinery through its subsidiaries in India, Italy, Turkey, United Kingdom, Slovenia, Germany, Austria, France, Spain, Israel, China and the U.S.