Allot Appoints David Reis As Chairman Of Board
Portfolio Pulse from Benzinga Newsdesk
Allot Communications has appointed David Reis as the new Chairman of the Board, replacing the current Chairman and Founder, Yigal Jacoby, who has decided to step down to focus on other opportunities. Jacoby will remain a director until the end of this year.
September 27, 2023 | 11:08 am
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NEUTRAL IMPACT
Allot Communications' appointment of David Reis as Chairman may bring new strategic directions to the company. Yigal Jacoby's decision to step down could be seen as a potential risk, but his continued involvement as a director may mitigate this.
Leadership changes can often lead to shifts in company strategy, which could impact the company's performance. However, the impact of this change is uncertain in the short term, hence the neutral score. Jacoby's continued involvement as a director could help ensure a smooth transition.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100