YAVNE , ISRAEL — Ofer Shofman, president and CEO of Valor Computerized Systems has announced his retirement from the company. The company's board of directors has appointed Dan Hoz as acting president and CEO.

“I had the privilege of watching the company grow, and I strongly believe that it has a prosperous future ahead. I feel that now it’s time to refocus my energy on my family and personal projects,” said Shofman.

Shofman is one of the founders of Valor, and has been with the company for more than fifteen years, with six as president and CEO. Hoz has been the company’s CFO for five years, and before that served four years as CFO of Frontline PCB Solutions.