Incredimail 2011 Annual Report Download - page 49

David Jutkowitz
was reelected to serve another three year term as an "external director" in January, 2011. Mr. Jutkowitz serves as a director of Extal Ltd a
producer of aluminum profiles and systems, and of King Engine Bearings Ltd. a manufacturer of engine bearings. Mr. Jutkowitz served as a director of Arad
Investment and Industrial Development from 2006 till 2010, and from 2001 until October 2007, Mr. Jutkowitz has 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. Between 2000 and 2003, Mr. Jutkowitz held the
position of CEO at BXS Ltd., where his responsibilities included managing all stages in development of the business, including the raising of funds from investors and
building a local and international distribution. From 1995 until 2002, Mr. Jutkowitz held the position of CEO at E.L. Advanced Science Ltd., where his responsibilities
included identifying and acquiring appropriate companies and taking an active part in the management of such companies. From 1976 to 2001, Mr. Jutkowitz held the
position of CFO at Etz Lavud Ltd.
Yacov Kaufman
was engaged to serve as our Chief Financial Officer in 2005. From 1996 to November 2005, Mr. Kaufman was the Chief Financial Officer of
Acorn Energy Inc. (formerly Data Systems & Software Inc., NASDAQ: ACFN) that, through its subsidiaries, provides software consulting and development services
and serves as an authorized dealer and a value-added-
reseller of computer hardware. At Acorn, Mr. Kaufman established and subsequently managed the accounting
and financial departments of the company and its subsidiaries. His responsibilities included financial analysis and implementation of procedures for internal control
over financial reporting. Mr. Kaufman also served as the comptroller of dsIT Technologies Ltd., a subsidiary of Acorn since 1986, and as its Chief Financial Officer
since 1990. From 1993 to 1999, Mr. Kaufman served as a director of Tower Semiconductor Ltd. (Nasdaq: TSEM), an integrated circuits manufacturer and then
subsidiary of Acorn. Mr. Kaufman is an Israeli Certified Public Accountant and has a B.A. in accounting and economics from the Hebrew University of Jerusalem and
an M.B.A. in business finance from Bar-Ilan University.
Avichay Nissenbaum
was elected to serve a three year term as an "external director" in July 2009. Mr. Nissenbaum is a general partner and cofounder of Lool
Ventures. Prior to founding Lool, Avichay Nissenbaum was the CEO & Co-founder of Yedda, an AOL company and AOL Israel Country Manager. As co-
founder
and CEO of Yedda, Inc. Avichay led the company to become a prominent player in the Internet social search space which led to the acquisition by AOL (A Time
Warner company Nasdaq:TWX). Prior to Yedda Avichay co-
founded SmarTeam (Acquired by Dassault Systemes, Nasdaq: DASTY), a market leader in the PLM
domain (Product Lifecycle Management). With over 20 years of experience in the software industry, through leadership positions in management, sales, business
development, marketing, and operations, Avichay serves as a board member for Winbuyer Ltd., ComSleep Ltd. and advises and helps several startups and
entrepreneurs. Avichay holds a B.Sc degree in Computer Science and a B.A in Economics.
Tomer Pascal
joined us in July 2009 and currently serves as General Manager of the Utility Tools division. Prior this appointment Tomer was the Company
Vice President of Marketing. Prior to joining the Company, Tomer was co-
founder of PlaySpex, a company operating in the fantasy sports field that raised a seed
investment from Gemini Ventures and LightSpeed. Tomer has worked for several companies in the field of online gaming such as 888 Holdings and Ujamu.com as a
Product Manager and SEO Specialist. Prior to that, Tomer worked for the Government of Israel as a systems specialist.
Andrew Wright
joined the Company as General Manger of our Photo division, with the acquisition of Smilebox Inc. in August 2011. Mr. Wright founded
Smilebox Inc. in 2005, currently a wholly owned subsidiary of Perion. Prior to Smilebox, Andrew was the Vice President of Games at RealNetworks, where he
founded and built the RealArcade games business. Andrew was previously a Product Unit Manager at Microsoft Corporation, where he managed the consumer
imaging and publishing business, including Picture It!, Home Publishing, and the Greetings product lines.
B. COMPENSATION
The aggregate direct compensation we paid to our officers as a group (8 persons) for the year ended December 31, 2011, was approximately $3.0 million,
which included approximately $0.4 million that was set aside or accrued to provide for pension, retirement, severance or similar benefits. This amount does not
include expenses we incurred for other payments, including dues for professional and business associations, business travel and other expenses, and other benefits
commonly reimbursed or paid by companies in Israel. We did not pay our officers who also serve as directors any separate compensation for their directorship during
2011.
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