ECI Telecom, the Petah Tikva-based broadband telecommunications equipment maker, announced on Thursday the appointment of Rafi Maor as new president and CEO. "Our challenge in the coming years will be to build on the excellent foundations and market position we have achieved so far, expand our global operations further and deliver significant value to all of our shareholders," Maor said. Maor, who joined the company as the chief operating officer a year ago, was nominated by the board of directors and will take up his new post on January 1. Doron Inbar, the outgoing president and CEO, is expected to join the board of directors and will chair its strategy committee. ECI chairman Shlomo Dovrat said, "Doron Inbar has expressed his desire for some time now and after 22 years of excellent service to ECI, he is stepping down as president and CEO. After this year in which Rafi worked closely with Doron and took an increasing part of the operational responsibilities, we expect a smooth and seamless handover." Before he joined ECI, Maor spent nine years at Indigo, where he served as president and chief operating officer. After Indigo was acquired by Hewlett Packard in 2002, Maor served as general manager of the HP/Indigo Division and vice president at HP Corporate with worldwide responsibility for the product line. Before that, Maor spent 20 years with Israel Aircraft Industries. "After 22 years with the company, the last six as president and CEO, I felt that I needed a change and asked the board to step down and pursue new interests in my life. I am pleased and proud with the choice of Rafi Maor as the new CEO of the company," Inbar said. "His experience in managing high growth global hi-tech companies combined with his fast learning capability and the experience he gained over the last year give me great confidence in the future of the company which has been my home for so long."