Perion Network Ltd. announced the appointment of Doron Gerstel as Chief Executive Officer (CEO) effective April 2, 2017. Mr. Gerstel comes to period with over 20 years of executive-level experience in technology companies. period is the fifth company which Mr. Gerstel will lead as CEO. In his last three positions at Panaya, Nolio Ltd., and Syneron, he spearheaded new strategic directions which led to significant growth and development. Mr. Gerstel has served as CEO of technology companies since 1999. As CEO of Panaya, he initiated strategic changes which led to an increase in annual revenue, higher customer renewal rates, and stronger partnerships, culminating in Panaya’s acquisition by IT giant Infosys in 2015. Gerstel succeeds Josef Mandelbaum, following Perion’s announcement from September 27, 2016, that he would step down as CEO in the coming months. period CFO Yacov Kaufman will serve as interim CEO of the company to ensure a smooth transition.