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Allot appoints industry veteran Ziv Leitman as CFO

He will be replacing Alberto Sessa who will be leaving the company to pursue other professional opportunities

Allot Ltd - Allot Ltd of Israel appoints Ziv Leitman as chief financial officer, replacing Alberto Sessa
The company’s multi-service platforms are used by over 500 mobile, fixed and cloud service providers and more than 1,000 enterprises

Allot Ltd (NASDAQ:ALLT) announced Thursday the appointment of Ziv Leitman as the Israeli company’s new chief financial officer. 

He will be replacing Alberto Sessa who will be leaving the company to pursue other professional opportunities, according to a statement.

Leitman, who will join Allot on November 2019, has significant financial, technological and management experience, the company said. 

READ: Allot inks a significant pact to provide AllotSmart to an existing customer in the EMEA region

“Ziv brings 30 years of experience, great talent and skill both in finance and business leadership,” said CEO Erez Antebi. “I look forward to working together with him and am very confident that he will contribute significantly to our business strategy and future performance.”

Antebi also noted that departing CFO Alberto has been instrumental in helping turn Allot around and reach a path of sustained growth. 

“On behalf of the Board of Directors and Allot management, I want to thank Alberto for his years of outstanding service. We all wish him the best in his future endeavors,” he said.

Leitman served from 2017 as the CFO of Powermat Technologies, a wireless charging pioneer leader, and from 2011 to 2017 as CFO of Partner Communications, one of Israel’s leading mobile, fixed-line, Internet and TV service providers. 

Between 2002 to 2011, he served as Deputy CEO and CFO of Paz Oil Company, and CFO of Comverse Inc, a leading provider of telecommunications products. From 1989 to 2002, Leitman also held CFO positions at Discount Investment Corp, Lucent Technologies EIS, Kimberly-Clark Israel and Optrotech (Orbotech). 

Leitman is a certified public accountant and holds a BA in Economics and Accounting and an MBA in Finance & Information Systems, both from Tel Aviv University.

“This is an exciting time to be joining Allot,” Leitman said. “I look forward to joining the Allot leadership team, contributing to the knowledge and perspective I have gained from my experience in the industry and playing an active role in the company’s success.”

Allot is a provider of network intelligence and security solutions for service providers worldwide. Its solutions are deployed for network and application analytics, traffic control and shaping, and network-based security services.

The company’s multi-service platforms are used by over 500 mobile, fixed and cloud service providers and more than 1,000 enterprises.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

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Price: 8.44 USD

NASDAQ:ALLT
Market: NASDAQ
Market Cap: $289.93 m
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