SatixFy
Announces the Passing of Co-Founder, Co-Chairman and
CEO Yoel Gat
April 10,
2022
SatixFy
Communications Ltd. announced that the
company’s Co-Founder, Co-Chairman and CEO Yoel Gat
passed away on April 8, 2022.
Yoav
Leibovitch, Co-Founder, Co-Chairman and Chief
Financial Officer, issued the following statement on
behalf of himself and SatixFy’s Board: “We are
deeply saddened by the passing of Yoel. He was a
tremendous visionary and the driving force behind
growing SatixFy to where it is today. I personally
have partnered with Yoel for over 30 years and will
miss both his personal friendship and business
partnership. He was a true entrepreneur, a creator
of new companies, technologies and markets. We
will continue to follow his vision as we take
SatixFy to its next stage of growth. We also
extend our heartfelt condolences to his wife Simona,
and his two children. Our thoughts and prayers are
with them at this difficult time.”
Mr.
Leibovitch has been named Interim CEO and will
assume Mr. Gat’s leadership duties for the time
being as well as continuing his duties as CFO.
SatixFy had previously announced that its new CEO
has been hired to begin on June 26, 2022, the
culmination of a transition plan that began in the
Fall of 2021. SatixFy expects to announce the name
of the new CEO in the coming weeks, as soon as he is
free to do so in his current position.
On March 8,
2022, SatixFy announced that it had entered into a
definitive business combination agreement with
Endurance Acquisition Corp. (NASDAQ: EDNC), a
publicly traded special purpose acquisition company
formed by an affiliate of Antarctica Capital, an
international private equity firm.