Doron Arazi to Step Down as Allot's CFO
Allot Communications, a provider of IP service solutions, has announced that Doron Arazi, chief financial officer (CFO), will be leaving Allot to pursue other interests. Arazi will continue as CFO through a transition period until early April, after the date on which the company expects to file its annual report on Form 20-F for the 2009 fiscal year. The company has commenced a search for a new CFO.
Arazi joined Allot as its CFO shortly after the company completed its initial public offering. In this position, he played a key role in overhauling Allot’s financial and reporting activities and implementing new methodologies and systems which have significantly improved the company’s capabilities in financial management and reporting. Arazi will remain available to the company in order to insure a smooth transition to his successor.