The Board of insurtech Vesttoo has announced that Ami Barlev has been appointed as its new interim Chief Executive Officer (CEO).
Barlev has deep experience across serving in senior positions such as CEO, director and chairman of the board in a number of private and publicly-traded Israeli and NASDAQ companies, as well as startups, in the fields of technology, AI, communications, aviation and real estate.
He particularly specializes in the areas of corporate governance, business development, crisis management, and managing companies in complex situations.
If you recall, the Board of Vesttoo recently revealed that Yaniv Bertele, one of the firm’s co-founders who served as CEO, is on paid leave as the alleged collateral fraud issue continues to be investigated
The company also recently released a statement noting it will be letting go of some of its employees, as the firm focuses on regaining its footing and “emerging from this challenge stronger than before.”
Barlev said, “I would like to thank the Board for their confidence in me during this extremely difficult moment – as well as our investors and clients for their patience. I accepted this position because we all strongly believe that Vesttoo’s technological suite and platform remain extremely valuable. The need for both alternative capital in the market and diversified investments is clear and robust.”
“We are working around the clock in order to provide solutions for our customers and partners around the world, and we will work intensively to restore the company’s activities. We believe in the value that Vesttoo can still provide. I am confident that by completing the ongoing audit thoroughly and comprehensively we can overcome this significant challenge and get back to work.”
