Tower Semiconductor Appoints Hillman as Acting CEO

February 09, 2005 by Jeff Shepard

Tower Semiconductor Ltd. (Migdal Haemek, Israel) appointed Udi Hillman as acting CEO, while it continues to search for a new CEO. Hillman served as a director of Tower from October 1996 through August 1999, and was reappointed to the board in January 2000, serving as vice chairman of the board since January 2001. Hillman replaces former Chairman and CEO Carmel Vernia, who stepped down last week.

Since March 2001, Hillman has served as President and CEO of ICTech, the technology holding company of Israel Corp. He also serves as a member of the board of directors of ZIM Israel Navigation Co. since February 2004, along with some other companies related to the Israel group. He served as CFO of Israel from September 1996 to 1997 and as executive VP and CFO from May 1997 to 2001.