Magal Security Systems Ltd. announced that the Board of Directors of the Company elected Mr. Jacob Berman to serve as a Board member until the next Annual General Meeting of the Company. Mr. Berman has been President of JB Advisors Inc., a New York based financial advisory firm with extensive experience in international private banking, real estate investment counseling, and commercial/retail banking, since 2002. Previously, Mr. Berman was the Founder, President and CEO of Commercial Bank of New York.
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