January 27, 2010 (FinancialWire) — Retalix Ltd. (NASDAQ: RTLX) said that the company’s board of directors has appointed Eli Gelman to serve as its chairman.

Gelman, a member of the Alpha Group, led the Alpha Group’s strategic investment in the company and has served as a director of the company since November 2009. Gelman will replace Ishay Davidi, the Founder and chief executive officer of FIMI Opportunity Fund, who served as the company’s chairman since August 2008 and will continue serving as an active member of the board of directors..

Following the company’s $32.9 million private placement to the Alpha Group in November 2009 and the related transactions, the Alpha Group and FIMI each holds approximately 20% of the company’s outstanding ordinary shares. The Alpha Group and FIMI are party to a shareholder agreement with respect to their shares in the company.

Gelman has more than 28 years of experience in the software industry, including more than 20 years with Amdocs Ltd., where he served as executive vice president and as chief operating officer. He has served as a director of Amdocs since 2002. Since retiring from his management position at Amdocs in January 2009, Gelman has devoted his time to other activities, including charitable projects focusing on youth education. He is one of five individuals who comprise the Alpha Group.

Retalix is an independent provider of software solutions to retailers and distributors worldwide.

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