Senvest CEO Victor Mashaal dies

Executive Summary

• Senvest Capital Inc. announces the passing of its founder, President, CEO, and Chairman of the Board, Victor Mashaal, at the age of 87.
• Interim leadership has been established: Richard Mashaal and George Malikotsis will jointly assume the duties of President and CEO, while Frank Daniel will assume the duties of Chairman.
• George Malikotsis will fill the board vacancy created by Mr. Mashaal's passing.

Key Details

• Event: Death of Victor Mashaal, founder, President, CEO, and Chairman of the Board.
• Interim CEO Duties: Jointly assumed by Richard Mashaal (Director and Vice-President) and George Malikotsis (Vice-President, Finance).
• Interim Chairman Duties: Assumed by Frank Daniel (Current Board Member, Secretary Treasurer).
• Board Vacancy: The seat vacated by Victor Mashaal will be filled by George Malikotsis.
• Office Closure: Senvest's Montreal offices will be closed through January 5, 2026, in recognition of the passing.
• Company History Context: Mr. Mashaal founded the corporation in 1968 with an initial investment of $10,000 to purchase Canadian rights to Sensormatic Electronics Corp.'s anti-shoplifting products and pioneered the Canadian pay TV industry via an investment in First Choice Communications.

Notable Quotes

• "We all mourn the loss of a great man. My father founded the corporation in 1968... He guided the corporation through a series of transformations that ensured its continued success across evolving economies and business cycles. We all owe him a debt of gratitude for his exceptional business acumen and his caring, nurturing nature as a person." — Richard Mashaal, Director and Vice-President