ESC Medical announces new appointment.
Online PR News – 04-January-2011 – – Yokneam, Israel - ESC Medical Systems Ltd. which will be changing its name to Lumenis Ltd., announced today that Mr. Sagi A. Genger, who has served as Chief Financial Officer, will become Chief Operating Officer.
Mr. Sagi Genger replaces Mr. Louis Scafuri who is resigning due to personal reasons. Mr. Scafuri will continue to work with the company during a transition period.
"Both Sagi Genger and Asif Adil were key figures in the 1999 restructuring as well as in the planning and integration of the Coherent Medical acquisition," said President and Chief Executive Officer Yacha Sutton. "I'm pleased to be able to turn to Sagi and Asif to assume these new leadership roles at the company. This reflects the deep bench of talent we've assembled during the past several years and through the union with Coherent Medical Group. We thank Lou for his contribution during his service with the company."
"I am very happy and satisfied with the results we have achieved to date. The integration process has strong momentum, and I have complete confidence in the Company's ability to make a smooth transition," commented Mr. Scafuri.
Mr. Sagi Genger was appointed Chief Financial Officer of the company in November 1999. Prior to joining the company, he was employed in the mergers and acquisitions department of Donaldson, Lufkin, and Jenrette. Prior to that, he worked at Holding Capital Group. Mr. Sagi Genger holds M.B.A. and B.S. degrees in finance, international management and legal studies from the Wharton School of Business.
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