Palram strengthens board: Yoram Sadeh appointed external director with financial expertise

The thermoplastic sheet manufacturer from Kibbutz Ramat Yohanan is appointing a senior executive with experience in managing and founding companies to the role. What is his background and which key board committees will he join?

Palram Industries has appointed Yoram Sadeh as a new external director, with his term expected to begin on November 12, 2026. Sadeh, an industrial engineering and management graduate from the Technion, brings senior management experience, including serving as CEO and founder of CatGenie and as a former senior executive at HomeSkinovations. He will join the company's audit committee, compensation committee, and financial statements review committee.

Palram Industries, a manufacturer of thermoplastic sheets from Kibbutz Ramat Yohanan, announced the appointment of Yoram Sadeh as an external director (External Director / Independent Director) on the company's board. The appointment, approved at the shareholders' meeting on October 4, 2026, will take effect on November 12, 2026. The appointment strengthens the company's corporate governance with the addition of a director possessing managerial experience and declared financial expertise.

According to the filing submitted to the TASE, Sadeh (67) is a graduate of the Technion in industrial and management engineering. His professional background includes extensive experience in senior management roles. Between 2008 and 2023, Sadeh served as a senior executive at HomeSkinovations Ltd, which specializes in medical-aesthetic devices. Since 2025, he has served as the CEO and founder of CatGenie Ltd. In addition, Sadeh serves as a director at Neurohelp Ltd. His diverse experience, combining industry and management with entrepreneurship and leadership of companies, is expected to contribute to the board discussions at Palram.

Upon assuming office, Sadeh will be integrated into three of Palram's primary board committees. He will serve as a member of the audit committee, the compensation committee, and the committee for the review of financial reports. The company explicitly noted in the filing that it views Sadeh as having "accounting and financial expertise," and also defined him as an "independent director."

An appointment as an external director requires compliance with strict independence criteria. Accordingly, the filing details that Sadeh does not hold securities of Palram, is not an employee of the company or related entities, and has no familial ties to other stakeholders in the corporation. These facts establish his independent status, allowing him to oversee the company's operations objectively and represent the interests of all shareholders.

Palram, founded in 1963, is one of the world's leading companies in the manufacturing of flat and corrugated polycarbonate and PVC sheets, which are used for a wide range of applications in construction, agriculture, advertising, and the DIY (Do-It-Yourself) retail market. The official filing regarding the appointment is signed by the company's CEO, Avishay Zamir, and CFO, Eran Goldman.