Photo: Amit Farber and Limor Domnitz Gishri (handout)
TurboGen (TASE: TURB), a prominent developer of multi-fuel micro-turbines for electricity and heat production, has appointed two new executives to its C-suite, marking a notable change in its strategy. Amit Farber, an accomplished Navy colonel with expertise in the aerospace industry, has been appointed as Turbogen’s new Chief Operations Officer. Additionally, Limor Domnitz Gishri, a seasoned finance professional, has assumed the role of Chief Financial Officer. These appointments showcase TurboGen’s dedication to innovation and hint at exciting developments.
In an era of escalating climate concerns and a growing frequency of blackouts worldwide, alternative energy solutions like TurboGen’s micro-turbines have gained tremendous significance. By harnessing renewable energy sources, TurboGen’s micro-turbines offer a reliable and sustainable solution to this pressing issue. These innovative technologies provide localized power generation capabilities, reducing dependence on centralized grids and minimizing the risk of widespread outages. Moreover, the energy efficiency and lower maintenance costs of TurboGen’s micro-turbines make them an economically viable and environmentally conscious choice, aligning with the global shift towards clean and resilient energy systems.
Facing these challenges, Amit Farber’s extensive experience and impressive track record make him well-suited for the role of COO at TurboGen. With a background as a Navy colonel and a director in the aerospace industry, Farber brings a wealth of knowledge in managing complex, resource-intensive development programs. He will oversee the company’s operations and research and development efforts in his new position. Farber’s emphasis on TurboGen’s leadership in green technology and its role in the evolving global energy market indicates the company’s focus on sustainable solutions.
Yaron Gilboa, TurboGen’s CEO, expressed confidence in Farber’s appointment, noting that “TurboGen is facing a significant growth process based on the extensive developments in the global arena. Farber’s extensive experience in managing large-scale projects and in managing and planning innovation will help the company in the growth process step by step in the global market”.
In addition, Limor Domnitz Gishri, the new CFO, brings financial expertise to TurboGen. With a notable career that includes executive roles at leading companies such as Neteera, Amdocs, Discount Bank, and Allium Medical, Gishri’s appointment strengthens TurboGen’s financial management capabilities. Her finance, accounting, and law background will contribute to TurboGen’s financial growth and stability.
While specific details were not provided, Gilboa’s remarks hint at TurboGen’s ambitions for expansion and breakthroughs shortly. However, these two C-suite appointments bring valuable expertise and experience to the company’s leadership team, positioning TurboGen for future advancements in sustainable energy solutions.
