K.B. Recycling Industries Ltd. announced that Salvador Cabañas (45) was appointed as Chief Financial Officer (CFO) for oceansix GmbH effective April 17, 2023. Salvador will be appointed as CFO of oceansix future paths Ltd. on May 1, 2023. At this time Danny Haklai will resign as CFO oceansix future paths Ltd. The Company and its shareholders thank Danny for his great commitment, his passionate dedication and for the successes achieved with him.

Salvador joined oceansix from Arabian Cement Company (ACC) in Egypt (2018-2023) as CFO. He contributed to improving and developing new processes after ACC’s IPO end of 2015 in areas such as internal control, costing, treasury, tax planning, IT strategy and data analytics. Prior to that, Salvador also held several different managerial roles in Xylem, as a Technical Director and Commercial Excellence Director for Europe.

He led the development of Xylem’s commercial operating system, expanding digital and IT efforts focused on increasing global efficiency and finance profitability. As Head of Financing and Controlling (CFO) of oceansix Group, Salvador will primarily be responsible for the reporting, and act as contact for investors, banks and analysts in all financial matters, thus managing the entire financial area of the Company in a forward-looking manner. Additionally, Salvador will be responsible for the general management, alongside with other managing directors.