The board of Israel-based On Track Innovations has named a new CEO to lead the struggling contactless and NFC vendor, following the ouster in December of company co-founder Oded Bashan from the post.
In perhaps a surprise move, board members–most of whom were elected in December following a successful proxy battle by a U.S.-based group of dissident shareholders–hired a current executive with the company, Ofer Tziperman.
Tziperman, 50, has served as president of OTI’s parking payments business, Parx, which runs the vendor’s EasyPark electronic parking metering and payments product line, since 2011. But this represents a small portion of the company's business and is not central to OTI's core contactless smart card and NFC technology, a source told NFC Times.