Ceragon Appoints Arazi as CEO
Monday, April 12, 2021 | Comments

Ceragon Network’s board of directors appointed Doron Arazi as its CEO starting July 2021.

Arazi will be succeeding CEO Ira Palti, who will be stepping down the same time Arazi takes over. Palti will remain on the board of directors and will be appointed as vice chairman.

The company said that under Palti, Ceragon's solutions earned a record of strong network performance. Palti's 16 years at Ceragon saw the company leverage the wireless transitions from 3G to 5G. Arazi is no stranger to this evolution, as between 2016 and 2019, he served as the company's Deputy CEO. During this time, Arazi led the activities of the APAC and India regions which accounted for over 50% of the annual revenue. He worked to bring new organizational changes and business models into effect, increasing profitability as well as the regional revenue from $110 million in 2016 to $179 million in 2018.

"I have no doubt that under Doron's vision, Ceragon will continue to thrive,” Palti said. “Throughout my 16 years with Ceragon, I did what I do best: grow a company by growing people, innovating on customer expectations, increasing brand awareness, and sharing my knowledge. I look forward to continuing to serve Ceragon on the Board of Directors."

Between October 2014 and March 2019, as the company’s chief financial officer, Arazi became intimately familiar with the financial particulars of Ceragon. He was successful in moving the company from losses and negative cash flow to significant profits and positive cash flow. Within two years, he reduced the company's debt to its bank consortium from more than $50 million to nothing, and rebuilt trust with vendors, banks, and the investors community. Arazi's previous roles at other companies include executive and finance leadership positions at Amdocs, Allot and Verint Systems.

"Today, with Ira's leadership over the years, Ceragon is at the meeting point of two high tides: global brand strength, driven by indisputable technology superiority, and the unfolding 5G evolution worldwide,” said Arazi. “It's an honor to rejoin the Ceragon family as CEO at this momentous time. I've been proud to be connected to Ceragon through my previous roles. I look forward to building a stronger company and seizing new opportunities ahead."

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