Check Point Chief Financial Officer Eyal Desheh To Join Teva Pharmaceutical Industries By Mid-2008
Tel Aviv, Israel —
Check Point® Software Technologies Ltd. (NASDAQ: CHKP), the worldwide leader in securing the Internet, today announced that Eyal Desheh will leave the company by mid-2008 after eight years as Check Point's chief financial officer. Mr. Desheh has accepted the position of chief financial officer of Teva Pharmaceutical Industries Ltd., one of the world's leading generic pharmaceutical companies and Israel's largest company.
Mr. Desheh is expected to remain at Check Point until the second quarter of 2008 in order to facilitate a smooth and orderly transition.
"Since Eyal joined Check Point in May 2000, we have been fortunate to work together with our great leadership team to grow Check Point's annual sales by 169% - from approximately $250 million in revenues to approximately $700 million over the past four quarters. We also saw our GAAP earnings per share grow by 172% and non-GAAP earnings per share by 249% during the same period," said Gil Shwed, chairman and chief executive officer of Check Point Software. "We think highly of Eyal's professional capabilities and leadership, and regret to see him leave the Check Point family. We sincerely wish him the best of luck and great success in his new role."
About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. (www.checkpoint.com) is a leader in securing the Internet. The company is a market leader in the worldwide enterprise firewall, personal firewall, data security and VPN markets. Check Point's PURE focus is on IT security with its extensive portfolio of network security, data security and security management solutions. Through its NGX platform, Check Point delivers a unified security architecture for a broad range of security solutions to protect business communications and resources for corporate networks and applications, remote employees, branch offices and partner extranets. The company also offers market leading data security solutions through the Pointsec product line, protecting and encrypting sensitive corporate information stored on PCs and other mobile computing devices. Check Point's award-winning ZoneAlarm Internet Security Suite and additional consumer security solutions protect millions of consumer PCs from hackers, spyware and data theft. Extending the power of the Check Point solution is its Open Platform for Security (OPSEC), the industry's framework and alliance for integration and interoperability with "best-of-breed" solutions from hundreds of leading companies. Check Point solutions are sold, integrated and serviced by a network of Check Point partners around the world and its customers include 100 percent of Fortune 100 companies and tens of thousands of businesses and organizations of all sizes.
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