PowerDsine Names Industry Veteran Shemer as CFO

April 16, 2006 by Jeff Shepard

PowerDsine Ltd. has named Mr. Aviram Shemer as the Company's Chief Financial Officer. Mr. Shemer replaces Geri Katz, who is leaving PowerDsine after more than 7 years, to become Chief Executive Officer of Communications Ltd., a privately held leader in power line communications PLC) access network technology.

Mr. Shemer joins PowerDsine from Alvarion, Ltd. where he served as the Company's Vice President of Finance. Prior to Alvarion, Mr. Shemer served for six years in various positions, most recently Vice President of Finance, at Aladdin Knowledge Systems. Mr. Shemer holds a B.A. in Accounting and Economics and an MBA with a specialization in Finance and Accounting from Tel Aviv University.

Igal Rotem, Chief Executive Officer of PowerDsine commented, "First, on behalf of everyone at PowerDsine, I would like to thank Geri for more than 7 years of dedication and service to the Company. As an integral part of the PowerDsine management team, Geri played an important role in the success of PowerDsine. While we are sorry to see Geri depart from PowerDsine, we understand his decision to step up as the CEO of I would like to wish Geri all the best in his new position, and I have the utmost confidence that he will be successful in this new endeavor."

Commenting on the appointment of Mr. Shemer as the new CFO, Mr. Rotem said, "I would like to welcome Aviram to the PowerDsine team. He has a great deal of experience with publicly traded companies as well as a strong background in telecommunications and technology, which we believe can enhance our already strong executive team. In addition to his expertise in reporting and compliance matters, Aviram will play an important role in PowerDsine's ongoing communication with the investor and analyst communities."