Tefron Ltd., a producer of seamless intimate apparel and active wear, has appointed Yacov Gelbard, former CEO of the Bezeq Group, as active chairman of the board of directors.

Ishay Davidi, the controlling shareholder of Tefron owner FIMI, said: “I congratulate Yacov Gelbard on his joining the company as an active Chairman of its Board of Directors. Tefron is at the beginning of a period of potential growth and I am confident that Gelbard's capabilities and vast experience will contribute significantly to the anticipated developments in the company. I expect that the cooperation between Gelbard as an active director and the company's management will produce positive results for the company and its shareholders.”

The Israelli-based company also announced that Yarom Oren is replacing Gillon Beck as a member of the company's board of directors.

Tefron, controlled by FIMI Fund and Mivtach-Shamir, manufactures seamless intimate apparel, active wear and swim wear sold by such name-brand marketers as Victoria's Secret, Nike, Target, The Gap, Banana Republic, J. C. Penney, lululemon athletica Warnaco/Calvin Klein, Patagonia, Reebok and El Corte Englese, as well as other well known retailers and designer labels.