Highcon Announces CEO Transition following Successful drupa

Shlomo Nimrodi to be succeed by Yair Alcobi on 1 August and to assume Active Chairman role

Yavne, Israel, 3 July 2024 Highcon Systems Ltd (TASE: HICN), today announced that Yair Alcobi will succeed Shlomo Nimrodi as Company CEO on 1 August. On that date, Nimrodi will succeed Alon Bar Shany as Active Chairman of the Board of Directors. Bar Shany will remain on the Board.

Alcobi has over 25 years of experience in technology and advanced manufacturing, supported by a BSc in Mechanical Engineering from the Technion, an Executive MBA from Haifa University, and executive programs at Stanford GSB and the Technion Institute of Management. He has held leadership positions at XJET Ltd., KLA Corporation (formerly Orbotech), Kulicke & Soffa (K&S) and other companies where he focused on and consistently delivered growth.

“Prior to committing to Highcon, I visited drupa 2024. Highcon’s presence there was vibrant and impactful, and the opportunity to get an overview of the industry was invaluable.” said Yair Alcobi, incoming CEO. “I look forward to coming on board, meeting customers, employees, partners and customers, and to leading Highcon to ever-greater success.”

“After 5 exhilarating but challenging years and following the success of drupa 2024 as a culmination of the repositioning of Highcon and its portfolio, the time is right for me step down as CEO” said Shlomo Nimrodi, outgoing CEO. “I’m immensely proud of what we’ve achieved at Highcon. I have complete confidence in the team I’ve built and in Yair’s ability to lead Highcon into the high-growth chapter of the coming years. My association with Highcon continues with my new role of Chairman of the Board; I’d like to thank Alon who has filled this role so effectively over the last 3.5 years.”