PETACH TIKVA, Israel, March 10, 2016 /PRNewswire/ -- The Stockton Group (STK), a leader in the development of plant based biopesticides, announced today the appointment of Ms. Sagit Reich as Chief Financial Officer (CFO). Guy Elitzur, the Company's long-time CFO, moved on to be the new CEO of the Stockton Group.
"As part of our journey to growth and success, we believe that Sagit is not only an expert in her field, but she is the ideal candidate to drive the financial growth in preparation for a Nasdaq IPO, as well as the company's new focus on M&A activity," said Guy Elitzur, CEO of Stockton Group. "I know that she will be a critical support for us to expand the Company's visibility in the industrial arena, focus on investor opportunities and assimilate new market opportunities in this rapidly growing industry."
Sagit is a Certified Public Accountant and holds a Bachelor degree in Accounting and Psychology from the Tel Aviv University, with over 15 years of extensive experience in finance and operation management. Most recently, she served as the CFO of Anyoption Group, a company in the binary option trading environment. Prior, she was the CFO of Comigo, which develops and sells Android-based TV platform technologies. Other management experience includes CFO of Quark Pharmaceuticals, which deals with discovery and development of novel RNAi-based therapeutics.
About the Stockton Group
The Stockton Group (Stockton) specializes in the development, manufacturing and marketing of plant extract based bio-pesticides. Its core focus is on their integration alongside conventional chemical products into conventional agriculture spraying programs and creating a balanced, cleaner and healthier agricultural environment.
Stockton has an active R&D program for the development of future natural products for crop protection. In this area, the Group has a unique research and development center in Israel and invests substantial resources in developing Bio Control products. Stockton has a variety of products adapted to regional needs, biological parameters and regulatory guidelines, and is active in more than 35 counties worldwide.
Stockton's flagship product Timorex Gold® is used to control a broad spectrum of crop diseases. The product demonstrates an efficacy similar to that of chemical fungicides, and is suitable for use with both conventional and organic crops. Timorex Gold® is registered and sold in over 30 countries.
Stockton is an international company established in 1994 as a privately-owned company and has a staff of 40 employees in Israel, and around 120 employees worldwide. The company has offices in 20 countries and operates in about 40 countries.
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SOURCE The Stockton Group (STK)