Telit Communications CEO Oozi Cats quits after an investigation links him to a US wire fraud indictment under a different name 25 years ago.
Oozi Cats, the CEO of global "Internet of Things" business Telit Communications, has resigned over allegations that he is wanted in the US for wire fraud.
Cats resigned after an independent review found evidence that an indictment was issued against him in 1992—under the name Uzi Katz.
The review was instigated last week, during which time Cats has been on a leave of absence. Finance director Yosi Fait has stepped up as interim CEO.
Telit said in a statement to the markets: “It is a source of considerable anger to the board that the historical indictment against Oozi Cats was never disclosed to them or previous members of the boa
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