YAHUD, Israel, Jan. 17, 2008 -- Magal Security Systems, Ltd., today announced that Mrs. Lian Goldstein has joined the Company as its Chief Financial Officer. Mrs. Goldstein is assuming the position from Mrs. Raya Asher who has notified the Company of her desire to leave Magal after 10 years of service in order to pursue personal interests.
Mrs. Goldstein served as Chief Financial Officer of Johnson and Johnson Medical Israel Ltd., from 2002 to 2007. Previously, between the years 1999 to 2002, Mrs. Goldstein served as a senior audit manager with the Israeli affiliate of Ernst & Young Global. Mrs. Goldstein holds an M.B.A. (Hon.) and a B.A. (Hon.) in Accounting and Business from the Israeli College of Management, and has been a Certified Public Accountant (Israel) since 2000.
Mrs. Raya Asher will remain as CFO through a transition period, which is expected to end on February 28, 2008.