Board of Directors: David Jutkowitz

Mr. Juzowitz has served as a director of Arad Investment and Industrial Development since 2006. Previously, Mr. Juzowitz served as an external director of Carmel Investment Group Ltd., and was a member of the audit, investment and portfolio committees of Carmel Investment Group Ltd. Formerly, Mr. Juzowitz served as CEO at BXS Ltd. and E.L. Advanced Science Ltd, and CFO at Etz Lavud Ltd.