Caesarstone CEO Resigns

MP MENASHE, Israel – Quartz-surface manufacturer Caesarstone began the hunt for a new CEO after the resignation today of Yos Shiran.

Yos ShiranShiran, who’s headed the company for the past seven-and-half years, announced this morning that he’s leaving to pursue other interests. He’ll stay on the job for the next three months, according to a company news release.

“It has been an honor to lead Caesarstone these past seven-and-a-half years,” Shiran said. “I am proud of what we have accomplished as a team and I am convinced that Caesarstone has the strength and capabilities to continue its growth as a strong force in our industry globally.

“It has also been my great privilege to work with dedicated and skilled employees at Caesarstone and with committed suppliers and customers around the world.”

“We were fortunate to have him lead the Company to many notable achievements since his appointment as CEO in January 2009,” said Yonathan Melamed, Caesarstone board chairman. “Yos’ extraordinary vision, business acumen and leadership guided Caesarstone to its position as the global countertop market leader with a strong brand recognized around the world, innovative products, a culture of excellence and position for continued growth in the future”.

“I am grateful for the hard work Caesarstone’s team have invested to turn our company into a global leader with best in class performance in the industry,” Shiran added.

During his term, Shiran oversaw the growth of the company’s international presence, including the buyout of its U.S. distributor in December 2011 and the opening of the Richmond Hill, Ga., production plant last year. He also led the efforts to take Caesarstone public on the NASDAQ in 2012.

Shiran also steered the company through a rough 2015, including a major stock-price drop during a short-seller-firm’s strategy and a December proxy fight with shareholder members of Kibbutz Sdam-Yom, which began manufacturing the surface in 1987.

Caesarstone’s board of directors has begun the search for the Company’s next CEO and is committed to a seamless transition, according to a company news release.

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