DVTel Inc., Ridgefield Park, N.J., announced the appointment of Yoav Stern as president and chief executive officer. Stern will also serve as a director on DVTel’s board. He replaced Eli Gorovici, who will be stepping down after almost 10 years in the position. Gorovici will remain involved in DVTel as an advisor to the CEO, and will help supervise certain strategic projects.
“I would like to thank Eli for his many years of work as president and CEO of DVTel. Under his leadership, the company grew from a good idea to one of the most significant players in the security industry with thousands of customers around the world,” said Yaron Eitan, DVTel’s chairman and a partner at the private equity firm SCP Partners, which is the majority shareholder of DVTel.
Stern has substantial experience in the homeland security industry. He was CEO of an international publicly traded company in the Homeland Security business, and lately served as an advisor to the boards, shareholders and management teams of a number of large International corporations and private equity firms from the USA, Japan and Asia, where he has specialized in mergers & acquisitions and strategy development and implementation. Over the past two decades, Stern focused on investing in and running middle market public and private technology companies, through their growth and expansion stages. He is a principal shareholder of Kellstrom Aerospace, LLC from Florida, and since 1995 has served as co-chairman of Bogen Communications International Inc. in New Jersey. Stern served for 25 years of active and reserve duty in the Air Force, where he was heavily involved with advanced avionics and aerospace technologies.
“The shareholders of DVTel are excited to welcome Yoav Stern, a seasoned executive who brings proven experience in leading many corporations through high growth periods, as well as a substantial track record in business expansion leadership. We are looking to him to leverage DVTel’s strong position in the market and drive DVTel into the next phase of its growth, expansion into new markets and increased market share,” said Eitan.